The USDCAD pair bounced bearishly after approaching 1.3250 areas, to fluctuate around the EMA50 again, noticing that stochastic gains the positive momentum clearly, to support the chances of resuming the expected bullish trend in the upcoming period, which targets 1.3362 level mainly.

Therefore, our bullish overview will remain valid unless breaking 1.3110 level and holding below it.

The expected trading range for today is between 1.3100 support and 1.3250 resistance.

The expected trend for today: Bullish

The USDJPY pair provided negative trades to move away from 105.20 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which targets 103.65 level as a next main station, noting that the EMA50 continues to support the suggested bearish wave.

Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, which will remain valid unless breaching 105.20 level and holding above it.

The expected trading range for today is between 104.00 support and 105.40 resistance

The expected trend for today: Bearish

The GBPUSD pair traded with clear positivity yesterday to test the key resistance 1.3000, starting to rebound bearishly from there, to approach the intraday bullish channel’s support line that appears on the chart, which we believe that it forms bearish flag pattern that supports our expectations of continuing the bearish trend on the intraday and short term basis.

Therefore, our bearish overview will remain valid for the upcoming period, supported by the EMA50 that presses negatively on the price, noting that our main expected target reaches 1.2705, while achieving it requires holding below 1.3000.

The expected trading range for today is between 1.2840 support and 1.3020 resistance.

The expected trend for today: Bearish

The EURUSD pair provided clear positive trades to surpass the EMA50, noticing that the rise stopped at the intraday bearish channel’s resistance that its signs appear on the chart, accompanied by witnessing clear overbought signals through stochastic, which supports the chances of bouncing bearishly to resume the correctional bearish trend.

Therefore, we expect witnessing negative trades today, waiting to visit 1.1720 level as a next main station, noting that breaching 1.1870 will stop the expected decline and motivates the price to achieve additional gains that target testing 1.1910 followed by 1.2011 as initial positive targets.

The expected trading range for today is between 1.1750 support and 1.1910 resistance.

The expected trend for today: Bearish