The USDCAD price fluctuates around the EMA50 that forms good support against the price, waiting to surpass this barrier to visit the first correctional level at 1.3831$, reminding you that breaking this level will extend the bearish wave to reach 1.3753$.

Stochastic loses its positive momentum to support the negative overview, which will remain valid conditioned by the price stability below 1.3960$.

The expected trading range for today is between 1.3830$ support and 1.3965$ resistance

Trend forecast: Bearish

The USDJPY price shows some bullish bias to test the EMA50, waiting to resume the negative trades to test 151.09 that represents the main waited target for the expected bearish wave on the intraday basis, reminding you that breaking this level will cause additional decline that its next target reaches 150.00.

On the other hand, we should note that continuing the rise and breaching 152.70 will lead the price to regain the main bullish trend and achieve gains that start by visiting 153.65 level again.

The expected trading range for today is between 151.40 support and 153.00 resistance

Trend forecast: Bearish

The GBPUSD price bounced bearishly after testing 1.3000$ in the previous sessions, to continue suggesting the bearish trend on the intraday and short-term basis, waiting to test 1.2866$ as a first station, which breaking it represents the key to extend the bearish correction towards 1.2735$ areas.

The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.3000$ and holding with a daily close above it.

The expected trading range for today is between 1.2860$ support and 1.3040$ resistance

Trend forecast: Bearish

The EURUSD price shows bearish bias to reach the key support 1.0865$, and the EMA50 meets this level to add more strength to it, while stochastic reaches the oversold areas to provide the required positive momentum to push the price to rise again.

Therefore, we believe that the chances valid to resume the expected bullish correction for the upcoming period, which targets 1.0930$ followed by 1.0985$ levels as next stations, noting that breaking 1.0865$ will stop the bullish wave and push the price to return to the main bearish track again.

The expected trading range for today is between 1.0810$ support and 1.0970$ resistance

Trend forecast: Bullish