Silver price bounced bearishly after facing solid resistance at 22.25, to test the EMA50 that forms good support against the price, to start today positively and head towards testing the mentioned level, waiting to breach it to open the way to head towards 23.00 as a next main target.

Therefore, our bullish overview will remain valid, supported by the positive overlapping signal provided by stochastic now, noting that breaking 21.85 will push the price to test the key support 21.35 before any new attempt to rise.

The expected trading range for today is between 21.70 support and 22.40 resistance.

The expected trend for today: Bullish

Gold price faced temporary negative pressure to attack 1873.50 level, noticing that stochastic shows clear positive signals now, while the EMA50 provides continuous support to the price, which supports the chances of resuming the bullish wave that targets 1913.15 as a next main station.

Therefore, the bullish trend scenario will remain active for the upcoming period, noting that failing to consolidate above 1873.50 will push the price to turn to decline and build bearish wave that its next main target located at 1838.35.

The expected trading range for today is between 1860.00 support and 1895.00 resistance.

The expected trend for today: Bullish

The USDCAD pair rallied upwards strongly yesterday to breach 1.3620 level and reach the most important resistance at 1.3680, to hint the attempt to resume the bullish trend within the bullish channel that appears on the chart, but we notice that stochastic shows clear overbought signals that might push the price to decline again.

Therefore, we prefer to stay aside until the price confirms its situation according to 1.3680 level, noting that breaching it will push the price to achieve additional gains that reach 1.3785, while consolidating below it will put the price under negative pressure that targets 1.3620 followed by 1.3500 levels as main negative stations.

The expected trading range for today is between 1.3610 support and 1.3760 resistance.

The expected trend for today: Neutral

The USDJPY pair traded with clear positivity yesterday, as it breached 149.45 level to approach 150.00 barrier, and by taking a deeper look at the chart, we find that the price completed forming falling wedge that supports the chances of continuing the positive trades in the upcoming sessions, waiting to test 150.15 followed by 151.00 levels as main positive targets.

Therefore, we expect to witness more bullish bias on the intraday and short-term basis, noting that breaking 149.00 will push the price to turn to decline followed by heading to test 147.30 areas on the near-term basis.

The expected trading range for today is between 149.10 support and 150.60 resistance

The expected trend for today: Bullish