Silver prices ended last Friday with strong negativity, as it broke the bullish channel’s support line and settled below it, to fall under expected correctional pressure in the upcoming sessions, targeting testing 24.60 as a first negative station.

Therefore, the bearish bias will be expected for today, and breaking 25.05 will reinforce the expectations to decline, while breaching 25.60 will stop the correctional scenario and push the price to return to the main bullish trend again.

The expected trading range for today is between 24.70 support and 25.60 resistance.

The expected trend for today: Bearish

Gold price confirmed breaking the bullish channel’s support line after closing the previous sessions below it, to start bearish correction for the bullish wave that started from 1809.35 areas, as it test 23.6% Fibonacci correction level at 1992.20, and the price needs to break this level to confirm rallying towards the next correctional level at 1957.30.

Therefore, we expect to witness negative trades in the upcoming sessions, supported by moving below the EMA50, taking into consideration that breaching 2020.00 will stop the expected negative pressure and lead the price to return to the main bullish track again.

The expected trading range for today is between 1980.00 support and 2015.00 resistance.

The expected trend for today: Bearish

The USDCAD pair rallied upwards strongly to breach 1.3350 level and settles above it, but we notice that the price presses on this level to hint the attempt to break it and trade below it again, accompanied by witnessing clear negative signals through stochastic, while the EMA50 keeps pressing negatively on the price.

Therefore, we believe that the chances valid to resume the main bearish wave, which its next target located at 1.3250, noting that failing to break 1.3350 will push the price to achieve additional gains that reach 1.3455.

The expected trading range for today is between 1.3280 support and 1.3420 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with strong positivity on last Friday to breach 133.30 level and settles above it, to build new bullish wave on the intraday basis, on its way to achieve positive targets that its next target located at 135.05.

Therefore, the bullish bias will be expected in the upcoming sessions, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, noting that holding above 133.30 is important to continue the suggested rise, as breaking it will put the price under the negative pressure again, to head towards 131.45 areas on the near term basis.

The expected trading range for today is between 133.20 support and 134.80 resistance

The expected trend for today: Bullish