Silver price succeeded to achieve our first waited target at 19.00, and we suggest the continuation of the bearish bias affected by the double top pattern that its signs appear on the chart, noting that our next station is located at 18.60.

Therefore, the bearish trend scenario will remain active for the upcoming period, noting that the continuation of the bearish wave depends on the price stability below 19.77 – 19.90 levels.

The expected trading range for today is between 18.60 support and 19.35 resistance.

The expected trend for today: Bearish

Gold price bounced downwards clearly after the rise that it witnessed in the previous sessions, to reach 1660.00 level now, waiting for more decline to break this level and open the way to head towards our next negative targets that start at 1645.00 followed by 1630.00.

The EMA50 presses negatively on the price, while stochastic provides negatives signals now that we are waiting to motivate the price to achieve the required break, to continue suggesting the bearish trend for the upcoming period unless the price rallied to breach 1686.40 and hold above it.

The expected trading range for today is between 1640.00 support and 1680.00 resistance.

The expected trend for today: Bearish

The USDCAD pair found difficulty to surpass 1.3830 yesterday, to rebound downwards strongly and retest the beached resistance that appears on the chart, and leaded on the support area formed around 1.3720 to resume the positive trades again, as it tests 1.3830 again now, waiting to breach this level to confirm extending the bullish wave towards 1.3900.

Therefore, we will continue to suggest the bullish trend supported by the EMA50 and stochastic positivity, noting that it is important to hold above 1.3720 to continue the expected rise.

The expected trading range for today is between 1.3760 support and 1.3900 resistance.

The expected trend for today: Bullish

The USDJPY pair opens today’s trading with clear positivity to breach 145.90 level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to visit 147.00 as a next main target.

The EMA50 keeps supporting trading inside the bullish channel that appears on the chart, noting that breaking 145.90 and holding below it might press on the price to achieve some temporary bearish correction before any new attempt to rise.

The expected trading range for today is between 145.60 support and 147.00 resistance

The expected trend for today: Bullish