Silver price surpassed 30.00$ barrier and settled above it, and by taking a deeper look at the chart, we find that the price completed forming double bottom pattern that has positive targets that surpass 30.63$ to reach 31.63$.

Therefore, we expect the continuation of the bullish trend on the intraday and short-term basis, supported by stochastic approach to the oversold areas, noting that breaking 29.63$ will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 29.70$ support and 30.60$ resistance.

Trend forecast: Bullish

Gold price ended yesterday with clear positivity to confirm breaching 2640.00$ and holding above it again, to reactivate the positive effect of the double bottom pattern and head towards testing 2700.00$ as a first target, supported by moving above the EMA50.

Therefore, we are waiting for more rise in the upcoming sessions, taking into consideration that breaking 2640.00$ will stop the bullish wave and put the price under negative pressure that its targets begin by visiting 2600.00$ barrier.

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

Trend forecast: Bullish

The USDCAD price provided positive trades to attempt to move above 1.4350$ again, noticing that the EMA50 forms good negative pressure against the price, accompanied by stochastic loss to the positive momentum clearly.

Therefore, these factors encourage us to keep our bearish overview on the intraday basis, noting that our waited targets are located at 1.4260$ and might extend to 1.4220$, while failing to consolidate below 1.4350$ might push the price to achieve intraday gains and visit 1.4467$ as a first positive station.

The expected trading range for today is between 1.4275$ support and 1.4400$ resistance

Trend forecast: Bearish

The USDJPY price fluctuates around 157.92 level and attempts to consolidate above it, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to gather positive momentum that assist to push the price to achieve our main expected target at 160.00.

On the other hand, we should note that breaking 157.92 will push the price to achieve intraday decline and test the bullish channel’s support line around 157.00 before any new attempt to rise.

The expected trading range for today is between 157.50 support and 159.00 resistance

Trend forecast: Bullish