Silver price settled above 23.00 after the strong bullish rally that it witnessed yesterday, to reinforce the chances of continuing the bullish trend in the upcoming sessions and head to visit 23.70 that represents the next positive target.

Therefore, the bullish bias will be suggested on the intraday basis, supported by moving above the EMA50, noting that the continuation of the bullish wave depends on the price stability above 23.00.

The expected trading range for today is between 22.90 support and 23.60 resistance.

The expected trend for today: Bullish

Gold price closed yesterday above 1962.35 level, and leans on this level to start providing positive trades by today’s open, which supports the chances of achieving more expected gains on the intraday basis, waiting to test 1975.00 level that forms key resistance against the intraday trades, as breaching it represents the key to regain the main bullish trend and head to achieve additional positive targets that reach 2000.00 as a next station.

Therefore, the bullish trend will remain suggested for the upcoming period, noting that breaking 1962.35 will stop the expected rise and push the price to decline again.

The expected trading range for today is between 1950.00 support and 1980.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with strong negativity yesterday to break 1.3755 and reach the key support 1.3680, noticing that the price recorded lower highs that make us suggest the continuation of the negative pressure in the upcoming sessions, noting that breaking the mentioned support will push the price to 1.3615 as a next negative station, and the chances valid to achieve additional decline that its next target reaches 1.3500 areas.

Therefore, the bearish trend will remain expected for the upcoming period, taking into consideration that the consolidation of 1.3680 level against the current negative pressure will stop the expected decline and lead the price to recover again.

The expected trading range for today is between 1.3610 support and 1.3750 resistance.

The expected trend for today: Bearish

The USDJPY pair bounced downwards clearly after the consolidation of 151.70 level against the price, to break 150.85 and settles below it, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting 149.80 followed by 148.85 levels initially.

Therefore, we expect to witness more decline in the upcoming sessions, supported by moving below the EMA50, noting that breaching 150.95 will stop the current negative pressure and lead the price to resume the main bullish trend again.

The expected trading range for today is between 149.80 support and 151.20 resistance

The expected trend for today: Bearish