Silver Price Analysis

Expected Scenario

• Silver price has demonstrated new strong positive trades, successfully achieving our previously suggested target at 32.50$.
• We anticipate the continuation of this upward momentum, aiming for additional gains reaching 33.70$ areas as the next main station.
• The EMA50 continues to support the suggested bullish wave, despite potential sideways fluctuations influenced by stochastic negativity.
• However, breaking 31.00$ would halt the rise and trigger some bearish correction before resuming the bullish trend.

Expected Trading Range

Between 31.90$ support and 32.80$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price resumed its bullish rally, successfully achieving our second awaited target at 2431.44$ and recording new historical levels.
• Attempting to confirm the breach of this level, it paves the way for additional gains and new positive targets, expected to reach the 2500.00$ barrier as the next main station.
• We continue to suggest a bullish trend for the upcoming period, with a note that failing to consolidate above 2431.44$ may lead to a new bearish correction on the intraday basis.

Expected Trading Range

Between 2420.00$ support and 2460.00$ resistance.

USDCAD Price Analysis

Expected Scenario

• The USDCAD price experiences a bearish rebound after testing the broken support of the bullish channel, nearing the 1.3590$ level.
• There's anticipation for a break below this level to confirm the extension of the correctional bearish wave towards 1.3512$ and 1.3433$ levels as the next negative targets.
• The bearish trend is expected to continue, influenced by the triple top pattern visible on the chart.
• Breaching 1.3640$ and 1.3690$ levels will negate the expected decline and potentially resume the main bullish trend.

Expected Trading Range

Between 1.3530$ support and 1.3660$ resistance.

USDJPY Price Analysis

Expected Scenario

• The USDJPY price maintains stability above the 155.50 level, awaiting positive momentum to resume the expected bullish wave on the intraday and short-term basis.
• The target for this bullish movement is 157.00, followed by 157.95 levels.
• The bullish channel continues to guide the suggested upward trend, supported by the EMA50.
• It's crucial for the price to remain above 155.50 to achieve the anticipated targets.

Expected Trading Range

Between 155.10 support and 156.80 resistance.