Silver price begins today with clear positivity to breach 20.64 level and settles above it, which stops the correctional bearish scenario and leads the price to start recovery attempts on the intraday basis, as it exited the bearish channel to head towards achieving gains that start at 21.40.

Therefore, the bullish bias will be suggested for today, supported by moving above the EAM50, noting that surpassing the targeted level will push the price to 22.13 as a next positive target.

On the other hand, we should note that breaking 20.64 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 20.60 support and 21.25 resistance.

The expected trend for today: Bullish

Gold price continued to rise to manage to achieve our first positive target mentioned in our last technical update at 1878.80, and breaches it now to pave the way to achieve more expected gains in the upcoming sessions, waiting to visit 1928.60 followed by 1960.00 levels as next main targets.

The EMA50 supports the price from below, reinforcing the expectations of continuing the bullish trend, while stochastic might cause some temporary sideways fluctuation before turning back to rise again.

Holding above 1878.80 is important to continue the expected rise, as breaking it will put the price under the correctional bearish pressure again, to head towards visiting 1828.70 level initially.

The expected trading range for today is between 1870.00 support and 1905.00 resistance.

The expected trend for today: Bullish

The USDCAD pair’s rise stopped at the bullish channel’s resistance that appears on the chart, to rebound bearishly and heads towards expected test to the key support 1.3680, which makes us suggest witnessing more decline in the upcoming sessions.

The targeted level is important to determine the next destination, as breaking it will lead the price to suffer more losses and head towards 1.3560 areas as a next main station, while consolidating above it will push the price to attempt to build new bullish wave that its next main target reaches 1.3975.

Therefore, we expect the continuation of the bearish bias for today unless breaching 1.3770 and holding above it.

The expected trading range for today is between 1.3640 support and 1.3790 resistance.

The expected trend for today: Bearish

The USDJPY pair continued to decline strongly to reach the thresholds of the negative target mentioned in our last technical update at 133.30, starting today with additional negativity to support the chances of continuing the bearish bias in the upcoming sessions, noting that breaking the mentioned level will extend the bearish wave to reach 131.75 areas as a next main station.

Note that the continuation of the bearish wave depends on the price stability below 135.40, as breaching it will push the price to recover and head towards achieving gains that start by testing 137.70 areas.

The expected trading range for today is between 133.00 support and 134.90 resistance

The expected trend for today: Bearish