Silver price tested the support base formed above 23.00 and bounced bullishly from there, as the EMA50 meets this support to add more strength to it, noticing that stochastic overlaps positively now, to motivate the price to achieve more expected rise on the intraday basis, which its next target located at 23.70.

Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, reminding you that it is important to hold above 23.00 to achieve the waited targets.

The expected trading range for today is between 22.90 support and 23.70 resistance.

The expected trend for today: Bullish

Gold prices confirmed breaching 1929.00 level after closing the daily candlestick above it, approaching the most important resistance at 1945.20, as it gets positive support by the EMA50, while stochastic shows negative signals that might hinder the mission to achieve more rise.

Therefore, we prefer to stay aside until we get clearer signal for the next trend, through breaching 1945.20 resistance or breaking 1929.00 support, noting that breaching this resistance will lead the price to achieve additional gains that reach 1977.25, while breaking the support will put the price under the correctional bearish pressure again, to head towards testing 1913.15 level initially, which breaking it represents the key to rally towards 1873.45 as a next negative target.

The expected trading range for today is between 1920.00 support and 1960.00 resistance.

The expected trend for today: Neutral

The USDCAD pair succeeded to touch our waited target at 1.3205 and presses negatively on it in attempt to break it, to hint heading to achieve more decline on the longer-term basis, paving the way to head towards 1.3120 as a next negative station.

Therefore, we expect the continuation of the bearish bias in the upcoming sessions, taking into consideration that the consolidation of 1.3205 level against the current negative pressure might push the price to attempt to build intraday bullish wave that targets visiting 1.3350 level mainly.

The expected trading range for today is between 1.3130 support and 1.3260 resistance.

The expected trend for today: Bearish

The USDJPY pair opened today with new negativity to reach our waited target at 139.70, which represents 38.2% Fibonacci correction level for the entire rise measured from 129.63 to 145.06, which means that breaking it will push the price to visit 137.35 as a next negative station.

The EMA50 forms negative pressure against the price to support the chances of continuing the decline in the upcoming sessions, thus, we expect to witness more bearish bias on the intraday basis, taking into consideration that failing to break 139.17 will stop the bearish wave and lead the price to start recovery attempts that target testing 141.40 areas initially.

The expected trading range for today is between 138.60 support and 140.20 resistance

The expected trend for today: Bearish