Gold price ended yesterday with strong positivity, as it breached 2160.00$ level to activate the positive scenario again, and begins today with sharp rise to surpassed the positive target 2200.00$ and record new historical highs that reached 2222.85$, opening the way to continue the rise and achieve new gains on the short-term and medium-term basis, noting that the next station reaches 2235.00$.

The EMA50 supports the suggested bullish wave, and the price might witness some temporary sideways fluctuation affected by stochastic negativity before resuming the positive trades, noting that breaking 2195.00$ will stop the current rise and push the price to achieve some temporary bearish correction.

The expected trading range for today is between 2190.00$ support and 2230.00$ resistance.

Trend forecast: Bullish

The USDCAD price couldn’t manage to surpass 1.3605$ level, to rebound downwards strongly and return to the correctional bearish track again, as it surpassed 1.3505$ level to confirm the continuation of the decline on the intraday basis, targeting 1.3445$ followed by 1.3392$ levels as next negative targets.

Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 1.3505$ will stop the current negative pressure and lead the price to recover again.

The expected trading range for today is between 1.3390$ support and 1.3520$ resistance.

Trend forecast: Bearish

The USDJPY price bounced downwards clearly to start bearish correction for the rise that started from 146.47 areas, as it attacks 23.6% Fibonacci correction level by today’s open and attempts to confirm breaking it, confirming the continuation of the bearish trend domination in the upcoming sessions, noting that the next station is located at 149.77.

Therefore, the bearish bias will be expected for today, and breaking the targeted level will extend the bearish wave to reach 149.15, noting that failing to confirm breaking 150.55 will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 149.60 support and 151.00 resistance

Trend forecast: Bearish

The GBPUSD price breached the bearish channel’s resistance line strongly to head towards resuming the main bullish trend, on its way to achieve positive targets that start at 1.2880$ and extend to test 1.3000$ barrier mainly.

Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.2745$ followed by 1.2695$ levels will stop the suggested bullish trend and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 1.2730$ support and 1.2880$ resistance.

Trend forecast: Bullish