Silver price reached few pips away from our waited target at 23.00, and bounced bullishly to approach the key resistance 23.70, noticing that the price begins today with new negativity to head towards the mentioned target, motivated by the negative overlapping signal provided by stochastic now.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that breaking the targeted level will push the price to 22.25 as a next correctional station, while holding below 23.70 and 23.85 levels represents key condition to achieve the waited targets.

The expected trading range for today is between 22.85 support and 22.85 resistance.

The expected trend for today: Bearish

Gold prices bounced bullishly yesterday to test the key resistance 1977.25, and it keeps its stability below it, accompanied by stochastic loss to the positive momentum and witnessing negative overlapping signals now, while the EMA50 continues to press negatively on the price.

Therefore, we are waiting for new negative trades in the upcoming sessions, and the targets begin at 1945.20 and extend to 1913.15 after breaking the previous level, noting that breaching 1977.25 will stop the bearish correction and push the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1950.00 support and 1985.00 resistance.

The expected trend for today: Bearish

The USDCAD pair attempted to breach 1.3500 level but it returns to fluctuate below it, to keep the bearish trend active until now, which its targets begin by breaking 1.3480 to reinforce the chances of heading towards 1.3350 as a next main target.

Note that breaching 1.3500 and holding above it will stop the bearish wave and lead the price to recover and achieve gains that reach 1.3680.

The expected trading range for today is between 1.3430 support and 1.3550 resistance.

The expected trend for today: Bearish

The USDJPY pair shows sideways trades since yesterday, settling around 138.50, noticing that stochastic attempts to get rid of its negative momentum and gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the bullish wave that its next main target located at 140.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 137.70 will put the price under correctional bearish pressure on the intraday basis to head towards potential visit to 135.50 areas before any new attempt to rise.

The expected trading range for today is between 137.70 support and 139.40 resistance

The expected trend for today: Bullish