The USDCAD price begins today with clear negativity to break the bullish channel’s support line and settles below it, to start bearish correction for the rise that started from 1.3419$ areas, on its way to test 1.3831$ initially, noting that breaking this level will push the price towards 1.3753$ as a next negative station.

Therefore, the bearish bias will be expected for today unless the price rallied to beach 1.3960$ and hold above it.

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

Trend forecast: Bearish

The USDJPY price trades negatively to head towards potential test to the key support 151.09, as it found difficulty to continue the rise in the previous sessions, making the bearish bias expected for today, being aware that it is important to monitor the price at the mentioned level due to its importance of determining the next trend, as breaking it will push the price to suffer more losses that extend to 150.00 followed by 148.54 as next negative stations, while consolidating above it will lead the price to attempt to resume the main bullish trend.

On the other hand, we should note that breaching 152.70 will stop the expected decline and push the price to rise again.

The expected trading range for today is between 151.00 support and 152.50 resistance

Trend forecast: Bearish

The GBPUSD price shows more bullish bias to approach 1.3000$ level, while the EMA50 attempts to stop the bullish rally, to support the chances of resuming the correctional bearish trend, which its targets begin at 1.2866$ and extend to 1.2735$ after breaking the previous level.

Therefore, the negative scenario will remain valid conditioned by the price stability below 1.3000$, as breaching it will lead the price to attempt to regain the main bullish trend and achieve gains that start by visiting 1.3100$ followed by 1.3166$ areas.

The expected trading range for today is between 1.2900$ support and 1.3040$ resistance

Trend forecast: Bearish

The EURUSD price ended last Friday below 1.0865$ level, but we notice that the price begins today with bullish gap to move above the mentioned level, which keeps the chances valid to achieve the expected bullish correction on the intraday basis, which targets 1.0930$ followed by 1.0985$ levels as next main stations.

Therefore, we expect to witness positive trades today, supported by stochastic current positivity, besides the support provided by the EMA50, reminding you that breaking 1.0865$ will stop the bullish correction and push the price to decline again.

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

Trend forecast: Bullish