Silver price shows new positive trades by today’s open to start testing 32.00$ barrier, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 32.50$ as a next main target, noting that breaching it will extend the bullish wave to reach 33.00$.

The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 31.00$.

The expected trading range for today is between 31.70$ support and 32.60$ resistance

Trend forecast: Bullish

Gold price confirmed breaching 2685.50$ after ending yesterday above it, and begins today with clear bullish rally to surpass our first positive target mentioned in our last technical update at 2700.00$ and confirm the continuation of the bullish trend domination on the intraday and short-term basis, noting that the next main target reaches 2745.00$.

Therefore, the bullish trend will remain valid and active, noting that breaking 2685.50$ will stop the expected rise and push the price to decline and test the bullish channel’s support line around 2635.00$ before any new attempt to rise.

The expected trading range for today is between 2695.00$ support and 2730.00$ resistance

Trend forecast: Bullish

The USDCAD price bounced bullishly after approaching 23.6% Fibonacci correction level, to head towards resuming the main bullish trend, waiting to test 1.3838$ initially, noting that breaching it will push the price towards 1.3900$ as a next positive station.

The EMA50 supports the expected rise, noting that breaking 1.3739$ will stop push the price to achieve additional bearish correction that its next target reaches 1.3678$.

The expected trading range for today is between 1.3680$ support and 1.3810$ resistance

Trend forecast: Bullish

The USDJPY price provided positive trades yesterday to test 150.00 barrier, waiting to confirm breaching this level to reinforce the expectations of continuing the rise and achieve the next target at 151.09.

In general, the bullish trend will remain valid as long as 148.53 level remains intact, as breaking it will push the price to turn to decline and build bearish wave that its targets begin by visiting 147.30 areas.

The expected trading range for today is between 149.20 support and 150.80 resistance

Trend forecast: Bullish