Gold price tests the key support 1725.90, which represents one of the next trend keys besides 1745.50 resistance, as it falls under the negative pressure formed by stochastic, which provides preference to provide more negative trades in the upcoming sessions.

Until now, we continue to monitor the price behavior according to the mentioned levels until we get clearer signal for the next trend, reminding you that breaking the support will push the price to visit the first correctional level at 1691.10 direct, while breaching the resistance will motivate the price to regain the main bullish trend and head towards 1810.00 as a next positive target.

The expected trading range for today is between 1705.00 support and 1750.00 resistance.

The expected trend for today: Depends on the above mentioned levels

The USDCAD pair attempted to breach 1.4015 level but it ended last week below it, noticing that stochastic provides clear negative signals on the four hours’ time frame, which supports the continuation of the bearish overview, waiting to head towards 1.3813 as a main negative target.

We remind you that holding below 1.4015 is important to continue the expected decline, as breaching it will push the price to turn to rise and head towards 1.4264 mainly.

The expected trading range for today is between 1.3900 support and 1.4050 resistance.

The expected trend for today: Bearish

The USDJPY pair shows continues attempts to surpass 107.68, keeping its stability inside the bullish channel that appears on the chart, while the EMA50 provides positive support to the price.

Therefore, these factors encourage us to suggest the bullish trend for the upcoming period, which its next main target located at 109.22, noting that breaking 107.35 will stop the suggested rise and press on the price to test 106.44 initially.

The expected trading range for today is between 107.00 support and 108.60 resistance

The expected trend for today: Bullish

The GBPUSD pair shows sideways and tight trades recently, with slight bearish bias in attempt to return to the bearish channel that appears on the chart, while the EMA50 continues to press negatively on the price.

Therefore, our bearish overview will remain valid for the upcoming period, which targets 1.2093 level as a next station, taking into consideration that the continuation of the expected decline requires the stability of the daily close below 1.2304.

The expected trading range for today is between 1.2090 support and 1.2250 resistance.

The expected trend for today: Bearish