Silver prices provided additional positive trades to reach the thresholds of the second waited target at 26.05, starting today with slight bearish bias affected by stochastic negativity, waiting to get positive motive that assists to push the price to resume the bullish wave that its targets extend to reach 26.95 areas.

Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that breaking 25.30 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 25.50 support and 26.40 resistance.

The expected trend for today: Bullish

Gold price ended yesterday above 2040.00 level, to reinforce the expectations of continuing the bullish trend on the intraday and short term basis, which targets 2074.85 as a next main station.

Stochastic current negativity might cause some sideways fluctuation and temporary decline before turning back to rise again, noting that the bullish channel continues to organize the suggested bullish wave, which will remain valid unless breaking 2013.00 level and holding with a daily close below it, as breaking this level will press on the price to achieve some bearish correction before resuming the main bullish wave.

The expected trading range for today is between 2025.00 support and 2060.00 resistance.

The expected trend for today: Bullish

The USDCAD pair succeeded to achieve our waited target at 1.3350 and broke it to close the daily candlestick below it, opening the way to continue the bearish wave on the short term and medium term basis, noting that our next target reaches 1.3250.

Therefore, we are waiting for more expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, noting that breaching 1.3350 is considered as initial key to start recovery attempts and build bullish wave on the intraday basis.

The expected trading range for today is between 1.3250 support and 1.3400 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with strong negativity to break 132.70 level and activate the negative scenario on the intraday basis, on its ways to decline and test 131.50 as a first target, noting that breaking this level will extend the bullish wave to reach 130.60 followed by 128.90 aeras on the near term basis.

Therefore, the bearish trend will be suggested for the upcoming period, supported by moving below the EMA50, taking into consideration that breaching 132.65 followed by 133.30 levels will stop the bearish wave and lead the price to start new recovery attempts.

The expected trading range for today is between 131.50 support and 133.30 resistance

The expected trend for today: Bearish