Silver price achieved intraday gains yesterday and settled around 25.20, noticing that stochastic shows clear overbought signals now, while the EMA50 continues to form the negative pressure on the price.

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 24.95 to confirm opening the way to head towards 23.76, noting that the continuation of the bearish wave depends on the price stability below 25.65.

The expected trading range for today is between 24.50 support and 25.65 resistance.

The expected trend for today: Bearish

Gold price tests 1797.00 level, and it needs to break this level to confirm opening the way to head towards our next negative target that reaches 1770.00, as the price completed forming double top pattern that its signs appear on the chart.

Therefore, our bearish overivew will remain valid and active for the upcoming period conditioned by the price stability below 1825.15, noting that moving below the EMA50 supports the expected decline.

The expected trading range for today is between 1775.00 support and 1815.00 resistance.

The expected trend for today: Bearish

The USDCAD pair broke 1.2650 level strongly and settled below it, to head towards visiting the bullish channel’s support line that appears on the chart, located now at 1.2460.

Therefore, we expect to witness more decline in the upcoming sessions supported by moving below the EMA50, noting that breaching 1.2650 will motivate the price to resume the bullish trend again.

The expected trading range for today is between 1.2500 support and 1.2630 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear positivity to breach the bearish trend line and settles above it, which opens the way to achieve more expected rise on the intraday basis, expecting to target 110.80 areas initially.

Therefore, the bullish bias will be expected for today, and breaching the targeted level will extend the bullish wave to 111.70, while breaking 109.85 represents negative factor that will press on the price to decline again.

The expected trading range for today is between 109.60 support and 110.90 resistance

The expected trend for today: Bullish