Gold price’s rise stopped at 2526.90$ level, to place lower high and start declining by today’s open, which hints creating negative technical formation that supports the chances of achieving more bearish bias in the upcoming sessions, on its way to test 2483.40$ initially, noting that breaking this level will push the price to suffer additional losses that reach 2435.00$.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 2526.00$ will stop the expected negative scenario and lead the price to resume the main bullish track again.

The expected trading range for today is between 2485.00$ support and 2525.00$ resistance.

Trend forecast: Bearish

The USDCAD price provided additional negative trades to succeed achieving our waited target at 1.3471$, and we suggest the continuation of the negative pressure to break this level and achieve additional negative targets that extend to reach 1.3360$ areas, as stochastic begins to lose the positive momentum to support the chances of resuming the negative trades in the upcoming sessions.

On the other hand, we should note that breaching 1.3562$ will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 1.3410$ support and 1.3530$ resistance.

Trend forecast: Bearish

The USDJPY price shows bullish bias to approach testing the key resistance 145.36, and the EMA50 meets this resistance to add more strength to it, waiting to resume the main bearish trend that its next main target reaches 142.15 areas.

Therefore, we will keep our bearish overview conditioned by the price stability below 145.36, noting that breaching it will lead the price to achieve intraday gains that start by testing 146.86 and might extend to 148.53 before determining the next destination clearly.

The expected trading range for today is between 144.00 support and 145.50 resistance

Trend forecast: Bearish

The GBPUSD price fluctuates with slight negativity, affected by the RSI negativity, waiting to gather positive momentum that assist to push the price to rise again, as we are waiting to head towards 1.3295$ as a next positive target.

The EMA50 keeps supporting the price from below to reinforce the chances of continuing the expected bullish trend, noting that breaking 1.3160$ will put the price under correctional bearish pressure that its targets begin by testing 1.3096$ and might extend to 1.3014$ before any new positive attempt.

The expected trading range for today is between 1.3130$ support and 1.3275$ resistance.

Trend forecast: Bullish