Gold price settles above 1860.00 level, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to head towards 1900.00 that represents our next main target.

Stochastic current negativity might cause sideways fluctuation before resuming the waited positive trades, noting that breaking 1860.00 and holding below it will press on the price to turn to decline on the intraday basis and achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 1850.00 support and 1885.00 resistance.

The expected trend for today: Bullish

The USDCAD pair succeeded to breach 1.2590 level and closed the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to visit 1.2725 as a next positive station.

The EMA50 continues to support the expected bullish wave, noting that breaking 1.2590 will stop the current rise and press on the price to turn to decline on the intraday basis.

The expected trading range for today is between 1.2560 support and 1.2700 resistance.

The expected trend for today: Bullish

The USDJPY pair couldn’t manage to hold above 114.70 level, to trade with strong negativity and test the support base formed above 113.95 after breaching it previously, accompanied by witnessing clear positive signals through stochastic, which makes us suggest witnessing bullish rebound to resume the main bullish trend again.

Therefore, the bullish bias will be expected for today, and the targets begin at 114.70 and extend to 115.50 after breaching the previous level, noting that breaking 113.95 will press on the price to achieve additional decline and visit 113.40 direct before any new attempt to rise.

The expected trading range for today is between 113.50 support and 114.80 resistance

The expected trend for today: Bullish

The GBPUSD pair rallied upwards to breach 1.3470 and settles above it, which opens the way to achieve more bullish correction on the intraday basis, targeting testing 1.3540 level as a next target, noting that breaching it will push the price to visit 1.3595 as a second correctional station.

The completion of the double bottom pattern that appears on the chart supports the expectations to rise in the upcoming sessions, noting that breaking 1.3470 and holding below it will stop the suggested positive scenario and press on the price to resume the bearish wave again.

The expected trading range for today is between 1.3420 support and 1.3590 resistance.

The expected trend for today: Bullish