Silver price ended last Friday positively to breach 23.00 and settles above it, noticing that the price completed forming bullish flag pattern that appears on the chart, which leads the price to build new bullish wave that we expect to target testing 23.70 level initially.

Therefore, the bullish bias will be suggested for today, noting that breaching the mentioned target will extend the bullish wave to reach 24.60 areas, while the expected rise will remain valid unless breaking 23.00 and holding below it again.

The expected trading range for today is between 22.90 support and 23.60 resistance.

The expected trend for today: Bullish

Gold price hovers around 2000.00$ per ounce barrier, and continues to move inside the bullish channel that appears on the chart, which supports the chances of continuing the bullish trend and head to achieve our next main target at 2016.90.

Therefore, the bullish trend scenario will remain active, it might be preceded by some temporary sideways fluctuation affected by stochastic current negativity, reminding you that surpassing the mentioned target will push the price to 2037.00 as a next positive target, while holding above 1977.25 represents key condition to the continuation of the expected rise.

The expected trading range for today is between 1990.00 support and 2020.00 resistance.

The expected trend for today: Bullish

The USDCAD pair provided new positive trades to approach our extended target at 1.3890, and we believe that the way is open to continue the rise and achieve additional gains that reach the psychological barrier 1.4000.

Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50, noting that breaking 1.3785 will stop the suggested rise and push the price to decline towards 1.3680 areas before any new positive attempt.

The expected trading range for today is between 1.3800 support and 1.3930 resistance.

The expected trend for today: Bullish

The USDJPY pair provided clear positive trades on last Friday to approach our main waited target at 151.00, but it bounced bearishly to break the bullish channel’s support line and settles below it, to hint heading to start intraday bearish correction, but we notice that stochastic provides positive signals that might motivate the price to recover again.

Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 149.30 will push the price to continue the decline and head towards 147.55 as a next main target, while breaching 150.20 resistance will push the price back to the main bullish track to head towards testing 151.00 initially.

The expected trading range for today is between 148.80 support and 150.40 resistance

The expected trend for today: Neutral