Gold price shows sideways and tight range trading to fluctuate near the EMA50, and it remains within the bearish channel that appears in the above chart, while stochastic returns to lose the positive momentum gradually.

Therefore, we will keep our bearish trend expectations unless breaching 1505.00 level and holding above it, pointing that breaking 1485.00 is required to confirm resuming the bearish trend that its next main target at 1447.00.

The expected trading range for today is between 1470.00 support and 1505.00 resistance.

The expected trend for today: Bearish

The EURUSD pair settles near 1.1160 level after reaching few point away from our waited target at 1.1180, and it might witness temporary bearish bias affected by stochastic negativity, while the EMA50 keeps supporting the price from below.

Therefore, we will keep our bullish trend expectations in the upcoming period, and the price needs to breach 1.11800 level to confirm the extension of the bullish wave towards 1.1280, taking into consideration that the continuation of the suggested bullish trend requires holding above 1.1060 level.

The expected trading range for today is between 1.1080 support and 1.1260 resistance.

The expected trend for today: Bullish

The USDCAD pair trading settles below 1.3155 level, keeping the negative pressure valid on the intraday and short term basis, and we expect the continuation of the decline to visit 1.3015 level as a next main station.

The EMA50 supports the expectations of the bearish trend continuation, reminding you that the expected decline continuation requires holding below 1.3155 and 1.3200 levels.

The expected trading range for today is between 1.3050 support and 1.3200 resistance.

The expected trend for today: Bearish

The USDJPY pair keeps fluctuating at 108.40 level, and keeps its stability above it, and the price gets a continuous support from the EMA50, accompanied with stochastic enter to the oversold levels.

Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming period, and its next target at 109.33, reminding you that holding above 108.40 is important for achieving it.

The expected trading range for today is between 108.00 support and 109.33 resistance

The expected trend for today: Bullish