Silver price managed to touch our first waited positive target at 23.45 and bounced downwards strongly from there, as this level formed the broken neckline of the head and shoulders’ pattern that appears on the chart, which hints that the negative effect of this pattern still active, waiting to push the price to resume the bearish trend on the intraday basis, to visit 22.25 areas as a next main station.

Therefore, the bearish bias will be suggested in the upcoming sessions, noting that failing to break 23.00 will push the price to recover again and head to test 23.45 followed by 23.70 areas mainly.

The expected trading range for today is between 22.50 support and 23.30 resistance.

The expected trend for today: Bearish

Gold price bounced bearishly after reaching 2065.70 level in the previous sessions, to settle below the EMA50, which keeps the bearish trend scenario active on the intraday basis, waiting to test 2016.90 as a first station, noting that breaking this level will extend the correctional bearish wave to reach 1977.46 as a next target.

Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaching 2065.70 will stop the negative scenario and push the price to attempt to return to the main bullish track again.

The expected trading range for today is between 2015.00 support and 2055.00 resistance.

The expected trend for today: Bearish

The USDCAD pair faced strong negative pressure on last Friday and attempted to break 1.3350, but it managed to close the daily candlestick above it, which keeps our bearish overview active for the upcoming period, as the EMA50 managed to protect the positive scenario, waiting to resume the positive trades and head towards 1.3500 as a next main target.

Stochastic overlaps positively to support the suggested bullish trend, which will remain valid unless breaking 1.3350 and holding with a daily close below it.

The expected trading range for today is between 1.3300 support and 1.3450 resistance.

The expected trend for today: Bullish

The USDJPY pair managed to touch our second target exactly at 145.90 and bounced bearishly from there, to head towards resuming the correctional bearish track again, on its way to visit 142.35 areas mainly.

Therefore, the bearish bias will be suggested for today, and breaking 144.00 will ease the mission to achieve the expected target, while breaching 145.90 will stop the expected bearish correction and lead the price to regain the main bullish trend again.

The expected trading range for today is between 143.50 support and 145.00 resistance

The expected trend for today: Bearish