Silver price continues to rise to approach 28.00 barrier now, moving organized inside the intraday bullish channel that appears on the chart, noting that the positive effect of the previously completed inverted head and shoulders’ pattern still active.

Therefore, the bullish trend will remain dominant in the upcoming sessions, which targets 28.35 followed by 29.00 levels as next main stations, reminding you that it is important to hold above 26.60 to achieve the suggested targets.

The expected trading range for today is between 27.70 support and 28.35 resistance.

The expected trend for today: Bullish

Gold price opened today’s trading with strong positivity to surpass 1838.00 and reach 1850.00 level now, which supports the continuation of our bullish overview overview efficiently, and the way is open to head towards our next target at 1865.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that gets good positive support by the EMA50, noting that breaking 1838.00 and holding below it will press on the price to achieve temporary bearish correction before turning back to rise again.

The expected trading range for today is between 1838.00 support and 1865.00 resistance.

The expected trend for today: Bullish

The USDCAD pair could not manage to breach 1.2190 level, to rebound bearishly and heads towards resuming the main bearish trend, supported by the negative pressure formed by the EMA50, waiting for more decline in the upcoming sessions.

The negative targets begin at 1.2045 and extend to 1.1900, taking into consideration that breaching 1.2190 will lead the price to achieve more intraday bullish correction to head towards testing 1.2275 followed by 1.2350 levels mainly.

The expected trading range for today is between 1.2050 support and 1.2180 resistance.

The expected trend for today: Bearish

The USDJPY pair fluctuates near 109.22 and keeps its stability above it until now, supported by the EMA50 that carries the price from below, waiting to resume the positive trades to visit 110.40 followed by 111.00 as next targets.

Therefore, we will keep our bullish overview conditioned by the price stability above 109.22, as breaking it will press on the price to test 108.60 level before determining the next destination clearly.

The expected trading range for today is between 108.80 support and 110.00 resistance

The expected trend for today: Bullish