Silver price fluctuates within sideways track recently, and tests the EMA50 that forms good resistance against the price, waiting to get negative motive that assist to push the price to resume the bearish trend again, which its next target located at 22.25.

In general, we will continue to suggest the bearish trend as long as the price is below 23.00, as breaching this level represents the first key to attempt to regain the main bullish trend again.

The expected trading range for today is between 22.20 support and 23.10 resistance.

The expected trend for today: Bearish

Gold price fluctuates positively by today’s open to head towards expected test to the bearish channel’s resistance, affected by stochastic positivity, waiting to resume the bearish trend that targets 1873.50 areas as a next main station.

The negative pressure formed by the EMA50 supports the suggested bearish wave, noting that breaching 1895.00 will push the price to achieve additional gains and head to test the key resistance 1913.15 before any new attempt to decline.

The expected trading range for today is between 1873.50 support and 1900.00 resistance.

The expected trend for today: Bearish

The USDCAD pair continued to rise to approach our first waited target at 1.3595, and continues to move inside the bullish channel that supports the chances of continuing the rise to achieve additional positive targets that reach 1.3680.

Stochastic gains the positive momentum clearly, while the EMA50 keeps supporting the suggested bullish wave, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 1.3500.

The expected trading range for today is between 1.3485 support and 1.3620 resistance.

The expected trend for today: Bullish

The USDJPY pair’s decline stopped at the EMA50 that formed good support against the price, to hint stopping the bearish correction and head to resume the main bullish trend, noticing that the recent trades are confined inside minor bearish channel that we believe it forms bullish flag pattern, which means that breaching 145.55 will activate the positive effect of this pattern and push the price to rise again.

Therefore, we suggest witnessing positive trades in the upcoming sessions, and the targets begin at 146.55 followed by 147.00, noting that failing to breach 145.55 will push the price to continue the bearish correction and head to test 144.55 as a next station.

The expected trading range for today is between 144.80 support and 146.30 resistance

The expected trend for today: Bullish