Gold price continued to decline to reach the first negative target at 2035.00, and we suggest the continuation of the bearish bias to test the bullish channel’s support line around 2000.00$ barrier, to keep the bearish bias expected on the intraday basis.

Breaking 2030.00 will ease the mission to achieve the waited target, while consolidating above it will lead the price to attempt to recover and achieve gains that start by testing 2075.25.

The expected trading range for today is between 2000.00 support and 2050.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provided positive trades yesterday to test the intraday bearish channel’s resistance that appears on the chart, and according to the trading rules inside the channels, we expect the price to rebound bearishly and resume the bearish trend again, and the targets begin by surpassing 1.3500 to open the way to head towards 1.3445 followed by 1.3350 as next negative stations.

Therefore, the bearish bias will be expected for today, noting that breaching 1.3565 will stop the expected decline and push the price to continue the rise towards 1.3680 areas on the near-term basis.

The expected trading range for today is between 1.3480 support and 1.3610 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear positivity yesterday to test the key resistance 147.20, noticing that the price consolidates below it, while stochastic lost its positive momentum and begins to overlap negatively, waiting to motivate the price to resume the bearish wave and head to test 146.17 again.

Therefore, we expect to witness negative trades in the upcoming sessions supported by the EMA50, noting that breaching 147.20 will push the price to achieve additional gains that reach 148.30.

The expected trading range for today is between 146.30 support and 147.90 resistance

The expected trend for today: Bearish

The GBPUSD pair bounced downwards clearly after testing 1.2720 level in the previous sessions, to approach the key support 1.2590, noticing that the EMA50 forms good support against the price, accompanied by witnessing clear positive signals through stochastic now.

Therefore, these factors encourage us to suggest the bullish trend in the upcoming sessions, and the targets begin at 1.2720, taking into consideration that breaking 1.2590 will complete forming bearish pattern that has negative targets that reach 1.2460.

The expected trading range for today is between 1.2570 support and 1.2720 resistance.

The expected trend for today: Bullish