The GBPUSD price couldn’t manage to hold for long time below 1.3000$ level, to trade positively and move above it now, waiting to get negative motive that assist to push the price to confirm the break and open the way to visit the next correctional level at 1.2866$.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaching 1.3120$ will stop the bearish wave and lead the price to return to the main bullish trend again.
The expected trading range for today is between 1.2930$ support and 1.3090$ resistance
Trend forecast: Bearish
The EURUSD price provided clear negative trades yesterday, as it approached 1.0800$ barrier, waiting for more decline to achieve our main expected target at 1.0780$, supported by the negative pressure formed by the EMA50.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, which will remain valid unless breaching 1.0940$ and holding above it.
The expected trading range for today is between 1.0760$ support and 1.0910$ resistance
Trend forecast: Bearish
Gold price trades with clear positivity to breach 2685.50$ and close the last four hours’ candlestick above it, to hint heading to turn to rise in the upcoming sessions, paving the way to achieve new gains that start at 2700.00$ and extend to 2720.00$, noting that the bullish bias will remain valid unless breaking 2685.50$ and holding below it again.
Ethereum price (ETHUSD) continues to fluctuate inside the ascending triangle’s pattern, waiting to breach 2650.00$ to get positive motive that push the price to achieve the next target at 2720.00$, to keep the bullish trend scenario valid and active for today unless breaking 2600.00$ and holding below it.
The expected trading range for today is between 2550.00$ support and 2750.00$ resistance
Trend forecast: Bullish