The USDCAD pair shows sideways trades in the previous sessions, noticing that stochastic gained positive momentum and approaches to overlap positively now, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its targets begin by breaching 1.3500 level to opening the way to rally towards 1.3585 initially.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that it is important to hold above 1.3425 to continue the expected rise.

The expected trading range for today is between 1.3420 support and 1.3550 resistance.

The expected trend for today: Bullish

The USDJPY pair continues to rise to reach our waited target at 149.00 now, and we expect the continuation of the bullish bias to surpass this level and open the way to achieve additional gains that reach the psychological barrier at 150.00.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 147.90.

The expected trading range for today is between 148.30 support and 149.80 resistance

The expected trend for today: Bullish

The GBPUSD pair succeeded to achieve our waited target at 1.2200 and presses negatively on it, to surpass it by today’s open, confirming the continuation of the bearish trend domination in the upcoming period, opening the way to head towards 1.2135 that represents our next target.

Therefore, we are waiting for more expected decline on the intraday and short term basis, noting that breaching 1.2230 will push the price to start recovery attempts and head to test 1.2310 areas before any new attempt to decline.

The expected trading range for today is between 1.2100 support and 1.2260 resistance.

The expected trend for today: Bearish

The EURUSD pair managed to confirm breaking 1.0635 level after closing yesterday below it, to support the continuation of the expected bearish trend on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, and the way is open to head towards our next target at 1.0515.

The EMA50 continues to support the suggested bearish wave, noting that breaching 1.0665 will stop the expected decline and push the price to start bullish correction on the intraday basis.

The expected trading range for today is between 1.0490 support and 1.0640 resistance.

The expected trend for today: Bearish