Silver price bounced upwards clearly to approach the key resistance 28.55$ now, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly.

Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday basis, which its targets begin at 27.62$ and extend to 27.15$ after breaking the previous level, noting that breaching 28.55$ will stop the negative scenario and lead the price to achieve more gains.

The expected trading range for today is between 27.70$ support and 28.60$ resistance.

Trend forecast: Bearish

Gold price still stuck between the key levels represented by 2483.40$ support and 2500.00$ resistance, which represents the next trend keys, which makes us continue with our neutrality until the price manages to surpass one of them and detect the next destination clearly.

We remind you that surpassing the resistance will push the price to start new bullish wave that targets testing 2540.00$ as a first positive station, while breaking the support will put the price under additional negative pressure that targets the main bullish trend line that rises now to 2448.00$.

The expected trading range for today is between 2475.00$ support and 2520.00$ resistance.

Trend forecast: Neutral

Read more: Gold Makes a Historic Leap Above $2,500: Did You Miss the Big Opportunity?

The USDCAD price bounced downwards clearly after facing solid resistance at 1.3562$ level, to break 1.3512$ and settle below it, which pushes the price to achieve more expected decline in the upcoming sessions, noting that breaking 1.3500$ will complete forming bearish flag pattern that will lead the price to achieve negative targets that surpass 1.3471$ to reach 1.3360$ areas.

Therefore, the bearish bias will be suggested for today, noting that breaching 1.3562$ will stop the expected decline and push the price to start new recovery attempts.

The expected trading range for today is between 1.3450$ support and 1.3560$ resistance.

Trend forecast: Bearish

The USDJPY price provided additional negative trades after confirming breaking 145.36, to approach the first expected negative target at 143.00, and we suggest the continuation of the bearish bias to achieve additional negative targets that extend to 141.75 as a next station.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave conditions the price stability below 145.36.

The expected trading range for today is between 142.80 support and 144.50 resistance

Trend forecast: Bearish