Economies.com
2025-01-27 04:09AM UTC
Gold price opened today with strong negativity to break 2762.00$ level and head towards expected visit to the bullish channel’s support line around 2729.00$, making the bearish bias suggested for today, being aware that it is important to monitor the price when reaching this level due to its importance to detect the next destination, as breaking it represents the key to start bearish correction and additional decline on the intraday and short-term basis.
On the other hand, we should note that breaching 2786.00$ will stop the current negative scenario and lead the price to resume the main bullish trend again, which targets testing 2790.00$ initially.
The expected trading range for today is between 2735.00$ support and 2775.00$ resistance.
Trend forecast: Bearish
The USDCAD price attempts to recover – Forecast today – 27-01-2025
Economies.com
2025-01-27 04:09AM UTC
The USDCAD price shows clear positive trades by today’s open to retest the broken support line of the bullish channel that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the bearish bias and head to test 1.4220$ that represents the first correctional target.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaching 1.4410$ followed by 1.4467$ levels and holding above them.
The expected trading range for today is between 1.4320$ support and 1.4450$ resistance
Trend forecast: Bearish
The USDJPY price touches the first target – Forecast today – 27-01-2025
Economies.com
2025-01-27 04:09AM UTC
The USDJPY price touched 154.96 level and found solid support there, to fluctuate within sideways track between this support and 156.45 resistance, and we prefer to stay aside util the price manages to breach one of these levels to detect its next destination clearly.
Note that breaking the mentioned support will push the price to achieve additional bearish correction that its next target reaches 153.75, while breaching the resistance represents the key to resume the main bullish trend and achieve gains that start at 157.65 and extend to 158.87.
The expected trading range for today is between 154.80 support and 156.40 resistance
Trend forecast: Neutral
The GBPUSD price starts the bullish correction – Forecast today – 27-01-2025
Economies.com
2025-01-27 04:08AM UTC
The GBPUSD price continued to rise to breach 1.2415$ and settle above it, which represents 23.6% Fibonacci correction level for the decline from 1.3434$ to 1.2100$, which opens the way to achieve more bullish correction and head to visit 1.2609$ areas on the near-term basis.
Therefore, the bullish bias will be suggested for the upcoming sessions, taking into consideration that breaking 1.2415$ will stop the bullish wave and push the price back to the main bearish channel again.
The expected trading range for today is between 1.2375$ support and 1.2530$ resistance
Trend forecast: Bullish