Expected Scenario

• Silver price provided positive trades yesterday, testing the 26.90$ level and bouncing bearishly from there. Today, it started with a bearish bias and is heading towards resuming the bearish correction, targeting testing 26.00$ as the next station. Breaking it will push the price towards 25.15$ as the next correctional target.
• Therefore, the bearish trend will remain valid and active for the upcoming period, conditioned by the price stability below 26.90$.

Expected Trading Range

Between the support at 26.10$ and the resistance at 26.90$.

Expected Scenario

• Gold price ended yesterday with clear positivity, testing the 2325.90$ level, which forms a key resistance against the price. It kept its stability below it, accompanied by stochastic reaching the overbought areas, while the EMA50 meets the mentioned resistance to add more strength to it.
• Therefore, these factors encourage us to suggest resuming the bearish wave in the upcoming sessions, waiting to visit 2260.60$ as the next main target, noting that breaching 2325.90$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again.

Expected Trading Range

Between the support at 2290.00$ and the resistance at 2335.00$.

Expected Scenario

• The USDCAD price couldn’t sustain above 1.3760$ for a long time, resulting in clear negativity and testing the 1.3705$ level now.
• The price is expected to achieve further decline in the upcoming sessions, with breaking below the 1.3705$ level indicating a move towards 1.3620$ followed by 1.3565$ as the next main stations.
• Holding below 1.3760$ is crucial for the continuation of the expected decline, as breaching it will halt the current bearish correction and lead the price to rise again.

Expected Trading Range

Between the support at 1.3650$ and the resistance at 1.3780$.

Expected Scenario

• The USDJPY price provided sharp negative trades yesterday evening, breaking below 155.50 and approaching the 38.2% Fibonacci correction level at 152.60.
• The price attempts to recover and move above the first level now, but we will depend on the daily close achieved below 155.50 to suggest more decline in the upcoming sessions.
• The price needs to trade below 155.50 again to confirm heading towards 152.60 as the next main target.
• Therefore, we expect to witness new negative trades today, with the consolidation of 155.50 against the negative pressure stopping the negative scenario and leading the price to resume the main bullish track again.

Expected Trading Range

Between the support at 154.50 and the resistance at 156.70.