Silver price shows some slight bullish bias to move above the broken neckline of the double top pattern, noticing that the EMA50 continues to form negative pressure against the price, while stochastic begins to overlap negatively now.

Therefore, these factors encourage us to keep our bearish overview, which its targets begin by testing 23.70 level, noting that breaching 24.60 will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 23.80 support and 24.60 resistance.

The expected trend for today: Bearish

Gold price bounced upwards after testing 1945.20 level in the previous sessions, to test the EMA50 that forms good resistance now at 1960.00, waiting to surpass this level to open the way to visit 1977.25 as a next main target.

Therefore, we will continue to suggest the bullish trend on the intraday basis, depending on the price stability above 1945.20, as breaking this level represents negative factor that will push the price to achieve additional declines and head towards 1929.00 followed by 1913.15 levels as main negative stations.

The expected trading range for today is between 1945.00 support and 1977.00 resistance.

The expected trend for today: Bullish

The USDCAD pair shows more bullish bias to complete forming ascending triangle pattern that appears on the chart, to get positive motive that supports the expectations of continuing the bullish trend on the intraday basis, waiting to head towards 1.3300 followed by 1.3350 levels as next main targets.

The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 1.3205 and 1.3170 levels.

The expected trading range for today is between 1.3180 support and 1.3310 resistance.

The expected trend for today: Bullish

The USDJPY pair bounced upwards strongly after reaching 138.00 areas in the previous sessions, to breach 139.17 and achieve strong gains that surpassed 141.40 by today’s open, to stop the correctional bearish scenario and head towards resuming the main bullish trend again, opening the way to achieve additional gains that start at 143.05 and extend to 144.00 after surpassing the previous level.

Therefore, we expect to witness more bullish bias in the upcoming sessions, taking into consideration that failing to consolidate above 141.40 will stop the expected rise and push the price to decline again.

The expected trading range for today is between 141.00 support and 142.60 resistance

The expected trend for today: Bullish