Silver price made new test to 22.90 level and bounced bearishly from there, as it gets negative signals by stochastic and the EMA50, waiting to achieve more decline today, as the targets begin by breaking 22.30 to confirm opening the way to visit 21.65 followed by 20.75 levels.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 22.90.

The expected trading range for today is between 22.10 support and 22.90 resistance.

The expected trend for today: Bearish

Gold price’s recent trades are confined within bearish flag pattern, thus, breaking 1747.00 will activate the negative effect of this pattern and push the price to resume the bearish trend, which its targets begin at 1735.00 and extend to 1692.00 after surpassing the previous level.

Therefore, the chances valid to provide new negative trads today supported by the negative pressure coming by the EMA50, reminding you that it is important to hold below 1770.00 to continue the expected decline.

The expected trading range for today is between 1730.00 support and 1765.00 resistance.

The expected trend for today: Bearish

The USDCAD pair managed to touch our first waited target at 1.2600 and attempts to break it, to support the expectations of extending the bearish wave on the intraday basis, noting that confirming the break will push the price towards 1.2495 as a next main target.

The EMA50 continues to press negatively on the price, to keep the bearish trend valid unless the price rallied to breach 1.2720 and hold above it.

The expected trading range for today is between 1.2530 support and 1.2665 resistance.

The expected trend for today: Bearish

The USDJPY pair succeeded to achieve our first target at 111.00 and breached it strongly to confirm opening the way to head towards our next positive station at 111.70, waiting for more rise today, supported by the EMA50.

On the other hand, we should note that breaking 110.75 will put the price under intraday negative pressure that might target testing 109.70 areas before any new attempt to rise.

The expected trading range for today is between 110.70 support and 111.90 resistance

The expected trend for today: Bullish