Silver price traded negatively yesterday as it reached 23.35, before showing an upward inclination, impacted by the Stochastic indicator, which lost its positive momentum and approached overbought levels, in turn bolstering chances of resuming the expected downward trend in the intraday levels, with the next target at 23.00.

Therefore the downward trend remains likely, provided the 23.70 level was breached then held above, as breaching this level represents the positive key to resuming the main upward path.

Expected trading range for today is between the 23.10 support and the 23.90 resistance. 

Expected trend for today: Bearish

Gold price parked a few points away from 1929.00 before bouncing back amid timid positive trading, while the Stochastic indicator lost its positive momentum in waiting for the price to resume its downward wave towards the next main target at 1913.15.

Therefore we expect the downward trend to carry on, brought on by the completed Double Top pattern, however it's crucial that prices hold below 1945.20.

Expected trading range for today is between the 1915.00 support and the 1945.00 resistance. 

Expected trend for today: Bearish

The USD/CAD pair are hovering around 1.3350 since yesterday amid attempts to pierce it, therefore it's likely the upward trend will carry on towards 1.3400 then 1.3500 as major next targets.

The 50 SMA is supporting the suggested upward trend alongside the Stochastic indicator which gained clear positive momentum, however we note that failing to breach 1.3350 will put the pair under pressure and send them towards 1.3205. 

Expected trading range for today is between the 1.3300 support and the 1.3430 resistance. 

Expected trend for today: Bullish

The USD/JPY pair faced negative pressure yesterday and testrf the first pivotal support at 142.00, representing the breached neckline of the Double Bottom pattern as shown in the attached chart, with prices rebounding as the positive impact of this pattern remains viable, in anticipation of resuming the upward wave that targets 144.00.

The Stochastic indicator sent out clear positive signals that support the expected upward trend, which will remain in place, as long as the pair holds above 142.00, and most importantly above 141.40.

Expected trading range for today is between the 142.00 support and the 143.60 resistance. 

Expected trend for today: Bullish