Silver price managed to breach 26.90 level to trade with clear positivity and approaches to return to the bullish channel that appears on the chart, organized inside the intraday bullish channel that reinforces the chances of achieving more gains in the upcoming sessions, noting that breaching 28.40 is required to confirm the continuation of the overall bullish trend and open the way to visit 29.80 as a next target.

Therefore, the bullish trend scenario will remain valid and active in the upcoming sessions, supported by moving above the EMA50, taking into consideration that the continuation of the bullish wave requires holding above 26.90.

The expected trading range for today is between 26.90 support and 29.00 resistance.

The expected trend for today: Bullish

Gold price succeeded to confirm breaching 1967.90 level after closing the daily candlestick above it, which supports the chances of continuing the main bullish trend that moves organized inside the bullish channel that appears on the chart, and the way is open to achieve our next waited target at 2008.80, noting that breaching this level will lead the price to head towards the recently recorded top at 2074.87 as a next station.

Therefore, we will be waiting for more rise in the upcoming sessions, noting that holding above 1967.90 is important to achieve the suggested targets.

The expected trading range for today is between 1965.00 support and 2020.00 resistance.

The expected trend for today: Bullish

The USDCAD pair resumes its negative trading to start pressing on 1.3200 level, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.3112.

On the other hand, we should note that breaching 1.3275 will push the price to achieve intraday gains and test the key resistance areas 1.3362 before any new attempt to decline.

The expected trading range for today is between 1.3120 support and 1.3275 resistance.

The expected trend for today: Bearish

The USDJPY pair broke 106.44 level strongly to return to the bearish track again, as it approaches the first negative target at 105.20, which makes us expect witnessing more decline in the upcoming sessions, noting that surpassing the mentioned level will lead the price to suffer additional losses that reach 103.65.

Moving below the EMA50 supports the expectations to decline, which will remain valid unless the price rallied to breach 106.44 and hold above it.

The expected trading range for today is between 104.80 support and 106.40 resistance

The expected trend for today: Bearish