The USDCAD pair returns to test the intraday bearish channel’s resistance, accompanied by witnessing clear negative trades through stochastic, waiting to motivate the price to resume the main bearish trend, which gets continuous support by the EMA50.

Therefore, the negative scenario will remain valid for the upcoming period, reminding you that our next target is located at 1.2550, while achieving it requires holding below 1.2820.

The expected trading range for today is between 1.2670 support and 1.2820 resistance.

The expected trend for today: Bearish

The USDJPY pair shows calm negative trades to crawls gradually towards the sideways range’s support line at 103.65, to remain inside this range that its resistance line located at 104.76, reminding you that we need to breach one of these levels to detect the next destination clearly.

Note that the continuation of the bearish bias and breaking 103.65 will press on the price to achieve more negative targets that reach 103.00, while breaching 104.76 resistance will push the price to recover and achieve gains that start at 105.20 followed by 106.00.

The expected trading range for today is between 103.40 support and 104.75 resistance

The expected trend for today: Sideways

The GBPUSD pair provided strong negative trades on last Friday after breaking 1.3190, to reach the thresholds of the expected negative target at 1.3105, noticing that the price begins today with bullish gap that puts it inside the intraday bullish channel that appears on the chart, which hints the price head to resume the main bullish trend again.

Therefore, the bullish trend will be expected for today, and breaching 1.3375 will ease the mission of achieving positive targets that start at 1.3540 and extend to 1.3600, noting that the continuation of the bullish wave requires holding above 1.3270.

The expected trading range for today is between 1.3260 support and 1.3410 resistance.

The expected trend for today: Bullish

The EURUSD pair opens today’s trading positively to move above the intraday bearish channel’s resistance that appears on the chart, getting continuous positive support by the EMA50, noticing that stochastic overlaps positively now.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next main target reaches 1.2300, noting that breaking 1.2105 might press on the price to test 1.2040 areas before any new attempt to rise.

The expected trading range for today is between 1.2070 support and 1.2220 resistance.

The expected trend for today: Bullish