Gold prices shows positive trades now to gradually move away from 1962.50 level, which supports the continuation of the expected bullish trend for today, supported by the technical indicators that provide positive signals now, waiting to visit 2000.00 as a next target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, reminding you that holding above 1962.50 is important to continue the expected rise and guarantee not turning back to the correctional bearish track again.
The expected trading range for today is between 1945.00 support and 1980.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair fluctuates with slight positivity and still near the minor bullish channel’s support line, while stochastic overlaps positively to provide positive motive that we are waiting to assist to push the price to resume the main bullish wave, reminding you that our next target is located at 1.2440.
On the other hand, we should note that breaking 1.2260 will stop the suggested positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.2250 support and 1.2400 resistance.
The expected trend for today: Bullish
The EURUSD pair shows calm positive trades to attempt to approach 1.0900 barrier, reinforcing the expectations of continuing the bullish trend for today, which targets 1.1032 as a next main station.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.0745 and holding below it.
The expected trading range for today is between 1.0770 support and 1.0935 resistance.
The expected trend for today: Bullish
The CADJPY pair took advantage of the frequent stability above 61.8% Fibonacci correction level that forms solid support at 94.55, to notice forming strong bullish rally and achieve some gains by touching 98.00.
We expect to form additional support at 96.80 and get positive momentum by stochastic to resume the bullish attack and target new positive stations that might start at 98.70 followed by attempting to press on the MA55 at 99.50.
The expected trading range for today is between 97.35 and 98.70
The expected trend for today: Bullish