Silver price shows sideways and tight trades since yesterday, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms negative pressure against the price, which makes us keep our bearish overview that depends on the price stability below 24.20, noting that we are waiting to visit 23.15 followed by 22.25 levels on the near term basis.

The expected trading range for today is between 23.00 support and 24.00 resistance.

The expected trend for today: Bearish

Gold price shows positive trades to approach testing the key resistance 1797.00, accompanied by stochastic loss to the positive momentum and approaching the overbought areas, waiting to motivate the price to resume the negative trades that target testing 1770.00 level as a next station.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1797.00 and holding above it, as breaching this level will lead the price to start recovery attempts and visit 1825.15 areas initially.

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows more bearish bias to approach the EMA50 that continues to support the price from below, waiting to resume the bullish wave that its targets begin by breaching 1.2725 level to open the way to rally towards 1.2950.

Holding above 1.2590 is important to continue the expected rise, as breaking it will press on the price to achieve additional decline that its next targets reach 1.2480.

The expected trading range for today is between 1.2600 support and 1.2730 resistance.

The expected trend for today: Bullish

The USDJPY pair resumed its positive trades clearly yesterday to succeed achieving our first extended target at 115.50, expecting the continuation of the bullish wave to head towards 117.00 areas on the near term basis, organized inside the bullish channel that appears on the chart.

Therefore, the bullish trend will remain active for the upcoming period unless breaking 114.70 and holding above it.

The expected trading range for today is between 114.80 support and 116.10 resistance

The expected trend for today: Bullish