Economies.com
2025-01-29 03:28AM UTC
Gold price traded with clear positivity to breach 2755.00$ and settle above it, to activate the bullish wave on the intraday basis and head towards visiting 2790.00$ as a next main target.
Therefore, the bullish bias will be suggested for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to achieve the expected target, noting that breaking 2740.00$ will stop the bullish trend and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 2750.00$ support and 2785.00$ resistance.
Trend forecast: Bullish
The USDCAD price settles below the broken support – Forecast today – 29-01-2025
Economies.com
2025-01-29 03:28AM UTC
The USDCAD price settles below the broken support of the bullish channel, noticing that stochastic continues to provide the negative signals, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next main target located at 1.4220$.
Breaking 1.4370$ will ease the mission of achieving the expected decline, which will remain valid unless breaching 1.4467$ and holding above it.
The expected trading range for today is between 1.4325$ support and 1.4450$ resistance
Trend forecast: Bearish
The USDJPY price awaits confirmation signal – Forecast today – 29-01-2025
Economies.com
2025-01-29 03:28AM UTC
The USDJPY price still stuck between the trend confirmation levels represented by 154.96 support and 156.45 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next destination clearly.
To review the details of the expected targets after the breach, please check our previously report for the USDJPY price.
The expected trading range for today is between 154.80 support and 156.40 resistance
Trend forecast: Neutral
The GBPUSD price tests the support base – Forecast today – 29-01-2025
Economies.com
2025-01-29 03:28AM UTC
The GBPUSD price tested 1.2415$ level and begins to rebound bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, reminding you that the next target is located at 1.2609$.
On the other hand, we should note that breaking 1.2415$ will stop the bullish wave and push the price back to the main bearish track again.
The expected trading range for today is between 1.2375$ support and 1.2525$ resistance
Trend forecast: Bullish