Silver price provides clear positive trades by today’s open to head towards potential test to the key resistance 29.63$, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next target located at 28.40$, reminding you that it is important to hold below 29.63$ to continue the expected decline.

The expected trading range for today is between 28.70$ support and 29.65$ resistance.

Trend forecast: Bearish

Gold price shows some bullish bias to approach the key resistance 2640.00$, noticing that stochastic lost its positive momentum to show clear overbought signals now, waiting to motivate the price to resume the negative trades to surpass 2600.00$ barrier followed by rallying towards 2555.00$ that represents our next negative target.

Therefore, the bearish trend will remain valid until now, taking into consideration that breaching 2640.00$ will complete forming bullish pattern that has the ability to push the price towards 2700.00$ areas direct.

The expected trading range for today is between 2610.00$ support and 2650.00$ resistance.

Trend forecast: Bearish

The USDCAD price finds solid support at 1.4350$ level, to show some temporary bullish bias, noticing that stochastic overlaps negatively now, waiting to motivate the price to resume the negative trades to break the mentioned support followed by rallying towards our main expected target at 1.4220$.

Therefore, our bearish overview will remain valid and active unless the price rallied to breach 1.4467$ and hold above it.

The expected trading range for today is between 1.4300$ support and 1.4435$ resistance

Trend forecast: Bearish

The USDJPY price rallied upwards clearly in the previous sessions to reach the key resistance 157.92, and finds solid resistance there to start bouncing bearishly and hint heading to resume the expected bearish correction on the intraday basis, waiting to visit 155.75 as a next main target.

Therefore, the bearish trend will remain expected for today, noting that breaching 157.92 will stop the suggested decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 156.40 support and 157.90 resistance

Trend forecast: Bearish