Silver price did not show any strong moves in the previous sessions, to remain stable below the broken support of the intraday bullish channel, thus, no change to the temporary intraday bearish trend scenario, which target 25.50 level, while its continuation requires holding below 26.65.

The expected trading range for today is between 25.80 support and 26.80 resistance.

The expected trend for today: Bearish temporarily

Gold price had enough by touching 1770.00 level, to rebound bullishly and breach the intraday bearish channel’s resistance, which stop the temporary negative scenario and lead the price to resume the main bullish trend again, paving the way to head towards 1800.00 followed by 1838.00 levels as next main stations.

The EMA50 supports the expected rise, noting that breaking 1784.00 will put the price under the negative pressure again to head towards testing 1765.00 mainly.

The expected trading range for today is between 1775.00 support and 1810.00 resistance.

The expected trend for today: Bullish

The USDCAD pair resumed its negative trading clearly to approach our waited target at 1.2210, reinforcing the chances of continuing the main bearish wave, noting that surpassing the mentioned level will push the price to 1.2100 as a next target.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2365.

The expected trading range for today is between 1.2200 support and 1.2320 resistance.

The expected trend for today: Bearish

The USDJPY pair’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, thus, the price needs to breach 109.40 to activate the positive effect of the mentioned pattern followed by rallying towards our first waited target at 110.00.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 109.22 – 109.10 levels.

The expected trading range for today is between 108.60 support and 110.00 resistance

The expected trend for today: Bullish