Gold price trades with strong negativity to break 1700.00 barrier and approaches our first waited target at 1692.00, which support the continuation of our bearish overview efficiently for the rest of the day, reminding you that surpassing the mentioned level will extend the bearish wave to reach 1665.00 as a next main station, while the expected decline will remain valid unless breaching 1720.00 and holding above it.

The expected trading range for today is between 1690.00 support and 1720.00 resistance.

The expected trend for today: Bearish

The GBPUSD pair shows negative trades to support the continuation of the expected bearish trend for today, and the double top pattern continues to press negatively on the price, waiting to target 1.3675 followed by 1.3580 levels as next main stations, while holding below 1.3820 represents key condition to achieve the waited targets.

The expected trading range for today is between 1.3690 support and 1.3860 resistance.

The expected trend for today: Bearish

The EURUSD pair resumes its negative trades to approach our waited target at 1.1700, noting that breaking this level will extend the bearish wave to reach 1.1605 as a next main station, taking into consideration that the continuation of the expected decline requires holding below 1.1780.

The expected trading range for today is between 1.1680 support and 1.1830 resistance.

The expected trend for today: Bearish

The CADJPY pair provided new positive close above the additional support 86.50, to confirm surrendering to the domination of the previously expected bullish bias, also, stochastic provides the positive momentum to ease the mission of reaching 88.20 soon, while surpassing this obstacle will extend trades towards 89.10, to form the first main target of the bullish trades.

The expected trading range for today is between 86.70 and 88.20

The expected trend for today: Bullish