Silver price traded with clear positivity yesterday to approach our waited target at 24.60, and it is affected by stochastic current negativity to shows some temporary sideways fluctuation, waiting to resume the bullish wave and surpass the mentioned level to achieve additional gains that reach 25.00 followed by 25.50.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 23.70 and holding with a daily close below it.

The expected trading range for today is between 24.00 support and 24.70 resistance.

Trend forecast: Bullish

Gold price settles above 2144.60 level, noticing that stochastic begins to get rid of the negative momentum, waiting to get positive motive that assist to push the price to resume the expected bullish trend on the intraday and short-term basis, which targets 2165.00 followed by 2200.00 levels as next main stations.

Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 2144.60 will push the price to start intraday bearish correction before turning back to rise.

The expected trading range for today is between 2140.00 support and 2175.00 resistance.

Trend forecast: Bullish

The USDCAD price declined clearly yesterday to reach the waited correctional target at 1.3445, and it might witness some temporary sideways fluctuation before resuming the negative trades and head to achieve more bearish correction in the upcoming sessions, noting that breaking the mentioned level will push the price towards 1.3392 as a next negative target.

Holding below 1.3505 is important to the continuation of the expected decline, as breaching it will stop the current negative pressure and lead the price to return to the main bullish track again.

The expected trading range for today is between 1.3365 support and 1.3505 resistance.

Trend forecast: Bearish

The USDJPY price traded with strong negativity yesterday, and succeeded to achieve our waited target at 148.37 and broke it close the daily candlestick below it, confirming extending the correctional bearish wave to head to achieve new negative targets that reach 146.80.

Therefore, the bearish bias will remain dominant on the intraday basis, and holding below 148.37 is important to the continuation of the expected decline, as breaking it will push the price to start recovery attempts and head to regain the main bullish trend again.

The expected trading range for today is between 147.00 support and 148.60 resistance

Trend forecast: Bearish