Silver price trades positively to retest the previously broken support line that turns into resistance now at 27.50, noticing that stochastic meets this resistance to add more strength to it, while stochastic enters the overbought areas.

Therefore, the bearish trend will remain expected for the upcoming period conditioned by the price stability below 27.50, reminding you that our waited targets begin at 26.00 followed by 25.50.

The expected trading range for today is between 26.60 support and 28.00 resistance.

The expected trend for today: Bearish

Gold price begins today with bullish bias to test minor resistance level formed at 1785.00, affected by stochastic positivity, while the price still inside the bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50.

Therefore, these factors make us continue to suggest the overall bearish trend, which its next target located at 1765.00, which breaking it represents the key to extend Gold price losses to reach 1740.00 as a next negative station, taking into consideration that breaching 1785.00 and holding above it will push the price to start intraday bullish correction and achieve some temporary gains before turning back to decline again.

The expected trading range for today is between 1760.00 support and 1800.00 resistance.

The expected trend for today: Bearish

The USDCAD pair attempted to breach the intraday bearish channel’s resistance, starting today with new bullish bias to move this resistance, accompanied by stochastic approach to the oversold areas, which forms positive motive that we expect to push the price to achieve more rise in the upcoming sessions.

Therefore, the bullish bias will be expected for today, and the main waited target is located at 1.2778, taking into consideration that breaking 1.2685 will stop the suggested rise and press on the price to resume the decline again.

The expected trading range for today is between 1.2640 support and 1.2780 resistance.

The expected trend for today: Bullish

The USDJPY pair shows negative trades after facing solid barrier formed by the bullish channel’s resistance that appears on the chart, to move below 106.00 now, noticing that stochastic got rid of its negative momentum to show clear oversold signals, waiting to motivate the price to resume the bullish wave that targets 106.44 mainly.

The EMA50 supports the positive overview, which will remain valid conditioned by the price stability above 105.65.

The expected trading range for today is between 105.40 support and 106.50 resistance

The expected trend for today: Bullish