Gold price hovers around 2630.00$ level, and we expect resuming the bullish trend within the main bullish channel that appears on the chart, waiting to test this channel’s resistance that rises now to 2644.65$, noting that breaching this level will push the price towards 2660.00$ as a next positive station.

Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 2614.00$ will stop the positive scenario and push the price to achieve bearish correction before turning back to rise again.

The expected trading range for today is between 2615.00$ support and 2650.00$ resistance.

Trend forecast: Bullish

The USDCAD price broke 1.3562$ level strongly to trade with clear negativity and turn to decline, targeting visiting 1.3471$ areas as a next main station, making the bearish bias suggested in the upcoming period, noting that breaking the mentioned level will extend the bearish wave to reach 1.3360$ areas on the near-term basis.

Therefore, we expect to witness more decline today, noting that breaching 1.3562$ will stop the current negative pressure and lead the price to recover again.

The expected trading range for today is between 1.3455$ support and 1.3585$ resistance.

Trend forecast: Bearish

The USDJPY price fluctuates at the key support 143.40 and keeps its consolidation above it until now, to keep the positive scenario valid for the upcoming period, waiting to test 145.36 that represents our main target.

Moving above the EMA50 supports the suggested bullish wave, reminding you that breaking 143.40 will stop the bullish trend and push the price to resume the main bearish trend again.

The expected trading range for today is between 143.00 support and 144.60 resistance

Trend forecast: Bullish

The GBPUSD price confirmed stopped the temporary bearish correction after the bullish rally that it witnessed in the previous sessions, as it attempts to confirm breaching the bullish channel’s resistance line that appears on the chart, waiting for more rise to test 1.3400$ that represents our next station, and we suggest the continuation of the bullish wave to achieve additional positive targets that reach 1.3500$.

Therefore, the bullish trend will be expected for today, noting that breaking 1.3270$ will stop the expected rise and push the price to decline again.

The expected trading range for today is between 1.3270$ support and 1.3430$ resistance.

Trend forecast: Bullish