Silver price shows slight bearish bias after approaching our waited target at 26.88, noticing that stochastic gets rid of its negative momentum to head towards the oversold areas, waiting to motivate the price to resume the main bullish trend, which its targets begin by surpassing the mentioned level to rally towards 27.65 as a next station.

Therefore, the bullish trend scenario will remain valid and active for today conditioned by the price stability above 25.06.

The expected trading range for today is between 25.80 support and 27.00 resistance.

The expected trend for today: Bullish

Gold price ended yesterday with clear negativity to reach the bullish channel’s support line that appears on the chart, noticing that the EMA50 meets this support to add more strength to it, while stochastic begins to provide the positive signals now.

Therefore, we believe that the chances valid to trade positively in the upcoming sessions, and the targets begin at 1905.00 followed by 1928.60, noting that breaking 1870.00 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1865.00 support and 1905.00 resistance.

The expected trend for today: Bullish

The USDCAD pair attempted to breach 1.2854 level yesterday but it returned to decline and trade below this level, starting today with new bearish bias to move away from the mentioned level, which keeps the bearish trend scenario valid and active for today, waiting to visit 1.2765 followed by 1.2688 levels.

We remind you that breaching 1.2854 and holding above it will stop the expected decline and push the price to achieve new bullish correction that its targets begin at 1.2956.

The expected trading range for today is between 1.2740 support and 1.2880 resistance.

The expected trend for today: Bearish

The USDJPY pair traded positively yesterday and breached 103.65 level, but we notice that the price begins today with clear decline to press on this level and attempts to trade below it again, supported by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 102.50 that represents our next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 103.65.

The expected trading range for today is between 102.80 support and 104.00 resistance

The expected trend for today: Bearish