Silver price#mce_temp_url# made many attempts to breach 30.06$ level but it couldn’t manage to surpass this level, which hints heading to decline in the upcoming sessions, on its way to test 29.30$ initially, noting that breaking this level will put the price under additional negative pressure that targets 28.55$ areas as a next negative station.

Stochastic current negativity supports the expected decline, while breaching 30.06$ will lead the price to rise again and achieve gains that reach 31.00$ areas.

The expected trading range for today is between 29.30$ support and 30.06$ resistance.

Trend forecast: Bearish

Gold price#mce_temp_url# bounced upwards clearly on yesterday’s evening, to test the key resistance 2526.00$, noticing that the price begins today negatively to head towards resuming the expected bearish bias on the intraday basis, which targets testing 2483.40$ mainly.

Stochastic overlaps negatively now to support the expectations to decline in the upcoming sessions, noting that confirming breaching 2526.00$ will stop the negative scenario and lead the price to regain the main bullish track again.

The expected trading range for today is between 2490.00$ support and 2530.00$ resistance.

Trend forecast: Bearish

The USDCAD price broke 1.3471$ level clearly and closed the daily candlestick below it, to support the continuation of the expected bearish trend for the upcoming period, opening the way to head towards our negative target that reaches 1.3360$.

Therefore, we are waiting for more decline on the intraday and short-term basis, noting that breaching 1.3471$ might push the price to start recovery attempts and build bullish wave that targets testing 1.3562$ areas initially.

The expected trading range for today is between 1.3370$ support and 1.3500$ resistance.

Trend forecast: Bearish

The USDJPY price bounced bearishly after approaching 145.36 level in the previous sessions, to keep the bearish trend scenario active for the upcoming period, which targets 142.15 as a next main station.

The EMA50 keeps pressing negatively on the price to support the continuation of the suggested bearish wave, which will remain valid unless breaching 145.36 and holding with a daily close above it.

The expected trading range for today is between 143.50 support and 145.10 resistance

Trend forecast: Bearish