Silver price reached few pips away from our first waited target at 24.20 and bounced bearishly to fluctuate around 23.75 now, moving above the EMA50 to support the chances of continuing the expected bullish trend for the upcoming period, which targets 25.00 as a next main station.

Therefore, the bullish trend scenario will remain suggested on the intraday and short term basis, noting that breaking 23.65 might force the price to test the key support 23.05 before any new positive attempt.

The expected trading range for today is between 23.40 support and 24.30 resistance.

The expected trend for today: Bullish

Gold price resumed its positive trades to succeed achieving our first waited target at 1900.00 and settles there, and we suggest the continuation of the bullish bias to head towards our next positive station at 1928.60.

The EMA50 continues to support the suggested bullish wave, noting that breaking 1882.00 might press on the price to decline on the intraday basis and test 1855.00 areas before any new attempt to rise.

The expected trading range for today is between 1885.00 support and 1925.00 resistance.

The expected trend for today: Bullish

The USDCAD pair managed to touch our waited target at 1.3350 and finds solid support there, to show some bullish bias affected by stochastic positivity, while the EMA50 forms negative pressure against the price to support the chances of continuing the main bearish trend and surpass the mentioned level to head towards 1.3205 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3425 will push the price to achieve additional gains and test 1.3500 before any new attempt to decline.

The expected trading range for today is between 1.3300 support and 1.3450 resistance.

The expected trend for today: Bearish

The USDJPY pair declined sharply yesterday to surpass our waited targets and reach the critical support line to the short term and medium term trades at 128.90, trading within main bearish channel that supports the chances of breaking this level to open the way to continue the decline and achieve additional negative targets that reach 126.95.

Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, taking into consideration that failing to break 128.90 will lead the price to start recovery attempts and head towards 130.80 initially.

The expected trading range for today is between 128.00 support and 129.90 resistance

The expected trend for today: Bearish