Silver price attempted to breach 23.70 level yesterday but it kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, supported by moving below the EMA50, reminding you that our next target is located at 23.00.

Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected bearish wave, which will remain valid unless the price rallied to breach 23.70 and hold with a daily close above it.

The expected trading range for today is between 23.00 support and 23.90 resistance.

The expected trend for today: Bearish

Gold prices managed to achieve our waited target at 1945.20 and closed the daily candlestick below it, to support the continuation of the correctional bearish trend and pave the way to head towards our next negative target that reaches 1913.15.

Therefore, we are waiting for more expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50, noting that failing to consolidate below 1945.20 might push the price to attempt to recover and achieve gains that start at 1966.45 followed by 1977.25.

The expected trading range for today is between 1925.00 support and 1960.00 resistance.

The expected trend for today: Bearish

The USDCAD pair managed to touch our waited target at 1.3350 and settles there, and we expect the continuation of the bearish bias to break this level and head towards 1.3205 as a next correctional station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the EMA50 that continues to press negatively on the price, taking into consideration that the consolidation of 1.3350 level against the current negative pressure will stop the negative scenario and lead the price to recover and achieve gains that reach 1.3500.

The expected trading range for today is between 1.3280 support and 1.3420 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear positivity yesterday after consolidating above 139.20 level, to the symmetrical triangle’s resistance that its signs appear on the chart, located now at 140.20, to confine the price between these levels, waiting to surpass one of them to detect the next destination clearly, which makes us continue with our neutrality until now.

The contradiction between the technical indicators provides another reason for neutrality, noting that breaching 140.20 resistance will lead the price to resume the main bullish trend and head towards 141.00 followed by 141.70 levels as next positive stations, while breaking 139.20 support represents negative factor that will push the price to achieve additional bearish correction that its next target reaches 138.20.

The expected trading range for today is between 139.00 support and 140.80 resistance

The expected trend for today: Neutral