Silver price resumes its positive trading by today’s open to surpass the resistance line that appears on the chart, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, on its way to test 24.55 as a next positive station.

The EMA50 supports the expected rise, noting that it is important to hold above 23.80 as a first condition to continue the bullish trend.

The expected trading range for today is between 23.70 support and 24.65 resistance.

The expected trend for today: Bullish

Gold price keeps its stability above 1928.60, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the bullish wave that its next target located at 1950.00.

Therefore, our bullish overview will remain valid for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that failing to consolidate above 1928.60 will press on the price to test 1900.00 and might extend to 1885.00 areas before any new attempt to rise.

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with strong negativity in the previous sessions to succeed reaching our waited target at 1.3350, and we suggest surpassing this level to achieve more decline that its next main target reaches 1.3205.

Therefore, the bearish trend scenario will remain valid and active, supported by the negative pressure formed by the EMA50, noting that failing to break 1.3350 will push the price to test 1.3500 areas again before any new attempt to decline.

The expected trading range for today is between 1.3290 support and 1.3440 resistance.

The expected trend for today: Bearish

The USDJPY pair breached 128.90 again to rally upwards and touch 130.60 level, noticing that the price returns to decline after recording new lower high, to hint the continuation of the overall bearish trend domination, and the price needs to break 128.90 and trade below it again to reactivate the main negative scenario and head towards 127.10 areas initially.

Therefore, we expect to witness bearish bias in the upcoming sessions conditioned by the price stability below 130.35.

The expected trading range for today is between 128.20 support and 130.00 resistance

The expected trend for today: Bearish