The USDCAD price fluctuates within sideways track and settles above 1.4200$ barrier, noticing that stochastic gets rid of its negative momentum to gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, which its next targets located at 1.4265$ followed by 1.4325$.

The bullish channel continues to organize the suggested bullish wave, which will remain valid conditioned by the price stability above 1.4178$.

The expected trading range for today is between 1.4170$ support and 1.4300$ resistance

Trend forecast: Bullish

The USDJPY price provided additional positive trades to reach the thresholds of the waited target at 154.00, and we expect to surpass this level to achieve more gains that extend to 154.95 as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 152.70 will stop the bullish wave and put the price under negative pressure that its targets begin by visiting 151.20 levels.

The expected trading range for today is between 153.00 support and 154.60 resistance

Trend forecast: Bullish

The GBPUSD price traded with clear negativity in the previous sessions to approach our waited target at 1.2566$, and we suggest the continuation of the bearish bias to break this level and open the way to achieve additional negative targets that extend to 1.2500$.

Therefore, the bearish trend will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.2735$ will stop the bearish wave and push the price to recover again.

The expected trading range for today is between 1.2550$ support and 1.2700$ resistance

Trend forecast: Bearish

The EURUSD price couldn’t manage to hold for long time below 1.0475$ level, to trade positively and test the EMA50 now, which forms good resistance against the price, noticing that stochastic loses its positive momentum clearly, to support the chances of declining again.

Therefore, we expect to witness negative trades in the upcoming sessions, and the targets begin by breaking 1.0475$ to open the way to head towards 1.0400$ as a next negative station, noting that breaching 1.0563$ will stop the expected bearish trend and lead the price to achieve new bullish correction on the intraday basis.

The expected trading range for today is between 1.0430$ support and 1.0580$ resistance

Trend forecast: Bearish