Silver price faced negative pressure in the previous sessions to break 31.70$ and settles below it, to head towards expected visit to the key support line at 31.00$, making the bearish bias expected for today, noting that breaking the mentioned level will extend the bearish wave to reach 30.06$ areas on the near-term basis.

On the other hand, we should note that breaching 31.70$ and holding above it will stop the negative scenario and lead the price to resume the bullish trend, to head towards testing 32.50$ again.

The expected trading range for today is between 31.00$ support and 31.85$ resistance.

Trend forecast: Bearish

Gold price ended last Friday with clear negativity, as it settled below the main bullish channel’s resistance line again, to hint heading to achieve some intraday bearish correction in the upcoming sessions, targeting testing 2614.00$ as a first negative station.

Therefore, the bearish bias will be suggested for today, noting that breaking 2614.00$ followed by 2604.00$ levels will push the price to suffer more losses and head to target 2579.00$ followed by 2555.00$ levels, while breaching 2666.00$ represents the key to resume the main bullish track and achieve gains that reach 2700.00$.

The expected trading range for today is between 2630.00$ support and 2670.00$ resistance.

Trend forecast: Bearish

The USDCAD price traded with clear positivity in the previous sessions to confirm breaching 1.3471$ level, to start bullish wave that targets testing 1.3562$ initially, noting that breaching this level will extend the bullish wave to reach 1.3653$.

Holding above 1.3471$ is important to the continuation of the expected rise, as breaking it represents the key to return to decline and head towards 1.3360$ as a next negative station.

The expected trading range for today is between 1.3465$ support and 1.3590$ resistance.

Trend forecast: Bullish

The USDJPY price bounced downwards strongly on last Friday, as it broke 143.90 to reactivate the negative scenario again, on its way to achieve negative targets that surpass 141.75 to reach 140.24.

Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 143.45 will stop the current negative pressure and lead the price to start new recovery attempts and test 145.36 initially.

The expected trading range for today is between 141.60 support and 143.20 resistance

Trend forecast: Bearish