The USDCAD pair trades with clear positivity to reach the key resistance at 1.3180, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum to show clear overbought signals now.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.3035 followed by 1.2960 levels as next main stations, noting that breaching 1.3180 will push the price to turn to rise and achieve additional gains that start at 1.3240 and extend to 1.3362.

The expected trading range for today is between 1.3090 support and 1.3220 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with strong negativity yesterday to break 105.20 level and succeeds achieving the first waited negative target at 104.45, showing some bullish bias now affected by stochastic positivity, and it might retest the broken support before resuming the bearish trend again.

In general, we expect the continuation of the bearish trend domination on the upcoming trading as long as 105.20 level remains intact, supported by the negative pressure formed by the EMA50, noting that our next target is located at 103.65.

The expected trading range for today is between 103.90 support and 105.20 resistance

The expected trend for today: Bearish

The GBPUSD pair continued its bullish rally to succeed achieving our first expected positive target at 1.3165, noticing that the price finds solid resistance as this level, to start declining now, which makes us expect heading towards testing the key support base 1.3000 before turning back to resume the bullish trend.

Therefore, the bearish bias will be expected, supported by the negative signals that appear clearly through stochastic, noting that breaching 1.3165 will push the price to resume the bullish trend and head towards the next positive target that reaches 1.3265.

The expected trading range for today is between 1.3030 support and 1.3200 resistance.

The expected trend for today: Bearish temporarily

The EURUSD pair finds difficulty to surpass the intraday bullish channel’s resistance that appears on the chart, to start providing bearish rebound signals now, and according to the trading rules inside the channels, the price is on its way to start intraday bearish wave that targets testing the mentioned channel’s support line that meets 1.1720 level.

Therefore, we suggest witnessing negative trades today, supported by stochastic negativity, taking into consideration that breaching 1.1870 will stop the suggested decline and leads the price to resume the main bullish trend that targets 1.2010 level as a next positive station.

The expected trading range for today is between 1.1740 support and 1.1900 resistance.

The expected trend for today: Bearish temporarily