Silver price finds difficulty to hold above 31.00$ level, as it provided negative trades in the previous sessions, noticing that the EMA50 provides the positive support to the price and protects the expected bullish trend scenario on the intraday basis, waiting to resume the positive trades to achieve gains that start at 31.50$ followed by 32.00$.

Holding above 30.65$ is important to the continuation of the expected rise, as breaking it will put the price under additional negative pressure to head towards testing 30.06$ before any new positive attempt.

The expected trading range for today is between 30.60$ support and 31.40$ resistance.

Trend forecast: Bullish

Gold price settles above 2400.00$ barrier, waiting to gather positive momentum that assist to continue the rise and achieve our next positive target at 2450.00$, as we still continue to suggest the bullish trend for the upcoming period, which gets good support by the EMA50.

Holding above 2392.00$ represents initial condition to the continuation of the bullish wave, as breaking it will push the price to test the key support base 2340.10$ before any new attempt to rise.

The expected trading range for today is between 2395.00$ support and 2435.00$ resistance.

Trend forecast: Bullish

The USDCAD price shows positive trades after testing 1.3590$ in the previous sessions, noting that stochastic loses the positive momentum clearly, waiting to motivate the price to resume the correctional bearish trend that its targets begin by breaking the mentioned level to confirm heading towards 1.3515$ followed by 1.3435$ levels on the near-term basis.

Holding below 1.3690$ represents major condition to the continuation of the expected decline, as breaching it will stop the correctional bearish scenario and push the price to regain the main bullish trend again.

The expected trading range for today is between 1.3580$ support and 1.3700$ resistance.

Trend forecast: Bearish

The USDJPY price provided new negative trades to break the bullish channel’s support line and close the daily candlestick below it, to start bearish correction for the rise measured from 140.24 to 161.94, targeting testing 156.82 as a first negative station, noting that breaking this level will push the price to suffer more losses on the longer-term basis.

Therefore, the bearish trend will remain suggested for the upcoming sessions, noting that breaching 158.30 will stop the expected negative scenario and push the price back to the main bullish track again.

The expected trading range for today is between 156.95 support and 158.70 resistance

Trend forecast: Bearish