Gold price begins today negatively, affected by the negative signals provided by stochastic, and we believe that the way is open to achieve more decline in the upcoming sessions, waiting to visit 1735.00 mainly, noting that breaking this level will extend the bearish wave to reach 1692.00.

Therefore, we will continue to suggest the bearish trend on the intraday basis as long as 1770.00 level remains intact, noting that breaking 1750.00 is required to ease the mission of achieving the waited negative targets.

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provided positive trades yesterday to approach 1.2665 level, but the EMA50 formed strong negative pressure that forced the price to decline again and hold below 1.2600, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to visit 1.2495 mainly.

Note that the continuation of the suggested bearish wave depends on the price stability below 1.2665.

The expected trading range for today is between 1.2510 support and 1.2640 resistance.

The expected trend for today: Bearish

The USDJPY pair tests the support line formed above 111.40 after breaching it previously, noticing that the EMA50 continues to support the price from below, while stochastic provides positive signals now.

Therefore, the chances valid to resume the expected bullish trend for the upcoming period, which targets testing 112.05 as a next station, taking into consideration that breaking 110.95 will stop the suggested positive scenario and press on the price to start new bearish correction.

The expected trading range for today is between 110.95 support and 112.20 resistance

The expected trend for today: Bullish

The GBPUSD pair still confined between the key levels represented by 1.3530 support and 1.3600 resistance, and as we mentioned in our last report, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, noting that breaking the mentioned support will press on the price to continue the decline within the bearish channel that its first target located at 1.3410, while breaching the resistance will lead the price to turn to rise and visit 1.3660 followed by 1.3720 levels initially.

The expected trading range for today is between 1.3490 support and 1.3670 resistance.

The expected trend for today: Neutral