Gold price settles below 2600.00$ barrier, waiting to get negative motive that push the price to continue the decline and achieve our next negative target at 2555.00$.

The EMA50 forms continuous negative pressure against the price to support the expectations to decline, noting that breaching 2660.00$ will stop the bearish wave and push the price to build bullish wave that its targets begin by testing 2700.00$ barrier.

The expected trading range for today is between 2570.00$ support and 2615.00$ resistance.

Trend forecast: Bearish

The USDCAD price resumes its positive trading after testing the support base formed above 1.4370$, to head towards achieving new positive targets that reach 1.4500$ followed by 1.4530$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, motivated by stochastic current positivity, noting that breaking 1.4370$ will stop the bullish wave and put the price under correctional bearish pressure on the intraday basis.

The expected trading range for today is between 1.4380$ support and 1.4510$ resistance

Trend forecast: Bullish

The USDJPY price soared yesterday to surpass the waited target at 156.74 and reach the thresholds of 158.00 barrier, to support the chances of continuing the bullish trend on the intraday and short-term basis and head towards visiting 159.00 areas as a next positive station.

The RSI current negativity presses on the price to test the support base formed above 156.74, noting that it is important to hold above this level guarantee the continuation of the bullish wave, as breaking it will push the price to start bearish correction on the intraday basis before turning back to rise. again.

The expected trading range for today is between 156.40 support and 158.00 resistance

Trend forecast: Bullish

The GBPUSD price declined sharply yesterday after the positive attempts that it witnessed in the previous sessions, to surpass 1.2566$ and reach 1.2505$, noticing that the price breaks the last level to open the way to continue the decline on the intraday and short-term basis, noting that the next target reaches 1.2400$.

Therefore, we expect to witness more bearish bias in the upcoming sessions, affected by the completion of the head and shoulders’ pattern that appears on the chart, taking into consideration that breaching 1.2566$ followed by 1.2605$ levels will stop the bearish trend and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 1.2390$ support and 1.2545$ resistance

Trend forecast: Bearish