Gold price found solid resistance at 1928.60, to trade with clear negativity and retest the breached resistance for the bullish pennant’s pattern, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the main bullish wave, which its next target located at 1960.00.

The EMA50 continues to support the expected bullish trend, and breaching 1928.60 is required to ease the mission of achieving the waited target.

On the other hand, we should note that breaking 1905.00 will put the price under additional negative pressure to head towards testing the most important support at 1878.80 before any new attempt to rise.

The expected trading range for today is between 1895.00 support and 1935.00 resistance.

The expected trend for today: Bullish

The USDCAD pair couldn’t settle for long time below 1.3680, to rally upwards strongly and return to the bullish channel again, to reactivate the bullish wave and head towards achieving gains that start at 1.3860 and extend to 1.3975.

Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 1.3740 will put the price under the negative pressure again, to head towards testing 1.3680 initially, which represents key level to detect the next trend, as breaking it will press on the price to turn to decline.

The expected trading range for today is between 1.3680 support and 1.3840 resistance.

The expected trend for today: Bullish

The USDJPY pair faced clear negative pressure to break 133.30 and settles below it by today’s open, to head towards expected turn to decline, on its way to achieve negative targets that start at 131.60 and extend to 130.50.

The EMA50 forms negative pressure against the price to support the continuation of the expected bearish trend, while stochastic positivity might cause some sideways fluctuation before resuming the decline.

Note that breaching 133.30 and holding above it will reactivate the positive scenario and push the price towards 135.40 initially.

The expected trading range for today is between 131.90 support and 133.50 resistance

The expected trend for today: Bearish

The GBPUSD pair attempted to break the minor support 1.2060 but it consolidates above it, to keep the chances valid to resume the bullish trend on the intraday basis, waiting to visit 1.2260 as a next main target.

Stochastic provides clear positive signals now to support the expectations to rise in the upcoming sessions, and breaching 1.2145 will ease the mission of achieving the waited positive targets.

We remind you that breaking 1.2060 will push the price to decline to test the most important support at 1.1940 before any new positive attempt.

The expected trading range for today is between 1.2000 support and 1.2160 resistance.

The expected trend for today: Bullish