Silver price attempted to approach our first positive target at 24.55 but it bounced downwards strongly to head towards visiting 23.05 mainly, making the bearish bias suggested on the intraday basis, being aware that it is important to monitor the price at the mentioned level, as breaking it will extend the bearish wave to target 22.13 areas on the near term basis.

Therefore, we expect to witness negative trades in the upcoming sessions unless breaching 23.85 and holding above it.

The expected trading range for today is between 22.90 support and 23.75 resistance.

The expected trend for today: Bearish

Gold price moves within sideways track that appears on the chart, confined between 1900.00 support and 1928.60 resistance, and the price needs to surpass one of these levels to detect its next destination targets clearly.

The technical indicators give preference to the continuation of the main bullish trend, noting that breaching the mentioned resistance will push the price to achieve new gains that reach 1950.00, while breaking the support will press on the price to test the bullish channel’s support line around 1870.00 before any new attempt to rise.

The expected trading range for today is between 1890.00 support and 1928.00 resistance.

The expected trend for today: Sideways

The USDCAD pair rallied upwards yesterday to breach 1.2420 and touch the key resistance 1.3500, noticing that the price finds difficulty to surpass this level, accompanied by witnessing negative signals through stochastic, which supports the chances of bouncing bearishly to resume the bearish trend, which targets 1.3415 followed by 1.3350 levels as next negative stations.

Therefore, we expect to witness bearish bias in the upcoming sessions unless the price managed to breach 1.3500 and hold with a daily close above it.

The expected trading range for today is between 1.3415 support and 1.3560 resistance.

The expected trend for today: Bearish

The USDJPY pair couldn’t manage to hold for long time out of the main bearish channel, to trade with strong negativity yesterday and settles below 128.90 again, which push the price back to the main bearish trend and head towards achieving negative targets that start at 127.10 and extend to 126.35.

The EMA50 forms negative pressure against the price to support the continuation of the suggested negative scenario, which will remain valid conditioned by the price stability below 128.90.

The expected trading range for today is between 127.10 support and 129.00 resistance

The expected trend for today: Bearish