Gold price tests 1928.60 level now, and believe that the chances valid to breach this level and open the way to head towards our next target at 1960.00.

The EMA50 continues to support the expected bullish wave, while stochastic prepares to provide positive signals that provide more support to the positive scenario.

Therefore, the bullish trend scenario will remain suggested for the upcoming period, noting that breaking 1907.00 might put the price under negative pressure to head towards testing the key support 1878.80 before turning back to rise again.

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

The expected trend for today: Bullish

The USDCAD pair faced clear negative pressure yesterday to break the bullish channel’s support line and settles below it, and begin to provide additional negative trades now to approach the key support 1.3680.

By taking a deeper look at the chart, we find that the price forms double top pattern that its signs appear on the chart, its confirmation line is located at 1.3665, which means that breaking it will push the price to achieve additional decline that its next main target reaches 1.3500.

Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50 now, noting that breaching 1.3760 will stop the expected decline and lead the price to recover again.

The expected trading range for today is between 1.3610 support and 1.3760 resistance.

The expected trend for today: Bearish

The USDJPY pair provided negative trades yesterday to approach our first waited target at 131.60, and bounced bullishly to attack 133.30 level, noticing that the price begins today with slight bearish bias to attempt to consolidate below this level, which represents key condition to continue the expected bearish trend on the intraday basis.

Stochastic loses its positive momentum clearly to form negative motive that we expect to push the price to resume the bearish wave within the bearish channel that appears on the chart, waiting for negative trades in the upcoming sessions, our targets begin at 131.60 and extend to 130.50.

On the other hand, we should note that breaching 133.30 followed by 134.05 levels will stop the bearish trend and lead the price to turn to rise.

The expected trading range for today is between 132.20 support and 134.00 resistance

The expected trend for today: Bearish

The GBPUSD pair returns to rise after leaning on the EMA50 in the previous sessions, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to breach 1.2145 to confirm opening the way to head towards our first target at 1.2260.

Therefore, the bullish trend will remain dominant on the intraday basis, and breaching the targeted level will push the price to 1.2440 as a next positive station, noting that breaking 1.2060 will put the price under intraday negative pressure that targets testing 1.1940 areas before any new positive attempt.

The expected trading range for today is between 1.2060 support and 1.2230 resistance.

The expected trend for today: Bullish