Silver price hovers around 20.00 level, noticing that stochastic overlaps negatively now, waiting to motivate the price to resume the bearish wave that targets testing 19.70 level initially, reminding you that breaking this level will push the price towards 18.90 followed by 18.22 levels.

The bearish channel continues to organize the suggested bearish wave, which gets good support by the EMA50, noting that breaching 20.64 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 19.40 support and 20.30 resistance.

The expected trend for today: Bearish

Gold price provided slight positive trades to approach 1828.70 level, and bounced bearishly to resume the correctional bearish trend, organized inside the bearish channel that appears on the chart, waiting to head towards 1788.20 that represents our next target.

The EMA50 forms negative pressure against the price to support the continuation of the expected decline, which its targets extend to 1747.70 after surpassing the previous level.

On the other hand, we should note that breaching 1828.70 followed by 1843.70 levels will stop the negative scenario and push the price to start recovery attempts that start by testing 1878.80 areas.

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows more bullish bias to reach our new target at 1.3820, and continues to move inside the bullish channel that supports the chances of achieving additional gains in the upcoming sessions, noting that surpassing this channel’s resistance will lead the price to head towards 1.3975 as a next main target.

Therefore, the bullish trend will remain valid on the intraday and short term basis, supported by the EMA50 that carries the price from below, noting that breaking 1.3745 will stop the expected rise and press on the price to test 1.3680 level before any new positive attempt.

The expected trading range for today is between 1.3750 support and 1.3900 resistance.

The expected trend for today: Bullish

The USDJPY pair shows some bearish bias to head towards potential test to the bullish channel’s support line, as it finds difficulty to surpass the key resistance 137.70, and the EMA50 meets the mentioned support to add more strength to it, to suggest the continuation of the bullish trend for the upcoming period, waiting to breach the mentioned resistance to rally towards 139.25 as a next main target.

Stochastic attempts to overlap positively to support the continuation of the positive scenario, noting that breaking 136.15 will stop he expected rise and press on the price to turn to decline.

The expected trading range for today is between 136.30 support and 138.00 resistance

The expected trend for today: Bullish