The USDCAD price bounced bullishly after approaching 23.6% Fibonacci correction level, to head towards resuming the main bullish trend, waiting to test 1.3838$ initially, noting that breaching it will push the price towards 1.3900$ as a next positive station.

The EMA50 supports the expected rise, noting that breaking 1.3739$ will stop push the price to achieve additional bearish correction that its next target reaches 1.3678$.

The expected trading range for today is between 1.3680$ support and 1.3810$ resistance

Trend forecast: Bullish

The USDJPY price provided positive trades yesterday to test 150.00 barrier, waiting to confirm breaching this level to reinforce the expectations of continuing the rise and achieve the next target at 151.09.

In general, the bullish trend will remain valid as long as 148.53 level remains intact, as breaking it will push the price to turn to decline and build bearish wave that its targets begin by visiting 147.30 areas.

The expected trading range for today is between 149.20 support and 150.80 resistance

Trend forecast: Bullish

The GBPUSD price couldn’t manage to hold for long time below 1.3000$ level, to trade positively and move above it now, waiting to get negative motive that assist to push the price to confirm the break and open the way to visit the next correctional level at 1.2866$.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaching 1.3120$ will stop the bearish wave and lead the price to return to the main bullish trend again.

The expected trading range for today is between 1.2930$ support and 1.3090$ resistance

Trend forecast: Bearish

The EURUSD price provided clear negative trades yesterday, as it approached 1.0800$ barrier, waiting for more decline to achieve our main expected target at 1.0780$, supported by the negative pressure formed by the EMA50.

Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, which will remain valid unless breaching 1.0940$ and holding above it.

The expected trading range for today is between 1.0760$ support and 1.0910$ resistance

Trend forecast: Bearish