Silver price opens today’s trading positively to surpass 26.90 level and settles above it, which hints the price head to regain the main bullish trend, but it needs to breach 27.70 to confirm the return to the bullish channel and achieve more gains in the upcoming period.

Therefore, we prefer staying neutral until we get clearer signal for the next trend, noting that breaching 27.70 resistance will push the price to achieve positive targets that start at 29.80, while breaking 26.90 support represents negative factor that will press on the price to visit 25.06 as a next correctional target.

The expected trading range for today is between 25.80 support and 27.45 resistance.

The expected trend for today: Depends on the above mentioned levels

Gold price provided clear negative trades in the previous sessions and attempted to break 1934.86 level, but we notice that the price begins today positively to trade above the mentioned level and remains inside the main bullish channel, which keeps the main bullish trend scenario valid and active for the upcoming period, which targets 1967.90 followed by 2008.80 as next main stations.

Breaching 1947.00 will ease the mission of continuing the rise and achieving the mentioned targets, while the stability of the daily close above 1934.86 represents key condition to continue the expected bullish trend.

The expected trading range for today is between 1915.00 support and 1970.00 resistance.

The expected trend for today: Bullish

The USDCAD pair bounced bearishly after testing the minor bearish channel’s resistance that appears on the chart, attempting to return to the main bearish channel, which supports the continuation of our main bearish trend, reinforced by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.2960.

Breaking the targeted level will extend the bearish wave on the medium term and long term basis, while holding below 1.3130 represents key condition to continue the expected decline.

The expected trading range for today is between 1.3000 support and 1.3130 resistance.

The expected trend for today: Bearish

The USDJPY pair continues to test 106.44 level and keeps its stability below it, which keeps our bearish overview valid on the intraday and short term basis, waiting to get negative motive that assists to push the price to resume the bearish trend that its next main target located at 105.20.

We need to take into consideration that failing to consolidate below 106.44 and breaching it and settling with a daily close above it will stop the expectations to decline and leads the price to turn to rise.

The expected trading range for today is between 105.50 support and 106.70 resistance

The expected trend for today: Bearish