Gold price’s recent trades are confined within bullish flag pattern that its signs appear on the chart, thus, the price needs to breach 1871.00 to activate the positive effect of this pattern followed by rallying to achieving new gains that reach 1900.00.

The EMA50 continues to support the price from below, to keep our bullish overview unless breaking 1858.00 and holding below it.

The expected trading range for today is between 1858.00 support and 1895.00 resistance.

The expected trend for today: Bullish

The USDCAD pair provided additional negative trades yesterday and approached 1.2000 barrier, but it rebounds bullishly to head towards potential test to the bearish channel’s resistance that appears on the chart, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.

Therefore, these factors encourage us to suggest the bearish trend for the upcoming period, which its next target located at 1.1900, while achieving it requires holding below 1.2115.

The expected trading range for today is between 1.2000 support and 1.2125 resistance.

The expected trend for today: Bearish

The USDJPY pair provided negative trades yesterday to approach the intraday bearish channel’s support line that appears on the chart, waiting for more decline to test 108.70 level initially, noting that the EMA50 forms negative pressure against the price, to support the chances of breaking the mentioned level and head towards 107.68 as a next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 109.30.

The expected trading range for today is between 108.30 support and 109.50 resistance

The expected trend for today: Bearish

The GBPUSD pair finds difficulty to surpass the minor bullish channel’s resistance line that appears on the chart, to show some slight bearish bias, affected by stochastic negativity, noticing that the indicator begins to get rid of its negative momentum gradually, waiting to get positive motive that assists to push the price to resume the bullish trend that targets testing 1.4238 initially.

In general, we will continue to suggest the bullish trend unless breaking 1.4110 and holding below it, noting that surpassing the waited target will extend the bullish wave to reach 1.4375 as a next positive target.

The expected trading range for today is between 1.4110 support and 1.4270 resistance.

The expected trend for today: Bullish