Silver price provides positive trades to surpass 25.00 barrier and attempts to hold above it, reinforcing the expectations of continuing the bullish trend on the intraday basis, reminding you that our waited targets begin at 25.50 followed by 26.07.

The price might witness some temporary sideways fluctuation until it gets enough positive momentum to push the price to resume the bullish wave, which gets continuous support by the EMA50, noting that breaking 24.60 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 24.70 support and 25.50 resistance.

The expected trend for today: Bullish

Gold prices settles around 1977.25 level, and finds solid resistance there, waiting to get positive momentum that assist to push the price to surpass this level and head towards our next targets that start at 2000.00 and extend to 2016.90.

The EMA50 continues to support the suggested bullish wave, which is affected by the previously completed double bottom pattern, noting that the consolidation of 1977.25 level against the positive attempts will put the price under intraday negative pressure that targets visiting 1945.20 level before any new attempt to rise.

The expected trading range for today is between 1960.00 support and 1995.00 resistance.

The expected trend for today: Bullish

The USDCAD pair attempted to breach 1.3205 level but it ended yesterday below it, to keep the bearish trend scenario valid and active, supported by the negative pressure formed by the EMA50, waiting to resume the bearish wave that its next target located at 1.3090.

We remind you that breaking the targeted level will push the price to 1.2960 as a next negative station, while holding below 1.3205 represents key condition to achieve the waited targets.

The expected trading range for today is between 1.3090 support and 1.3240 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear negativity yesterday and approached our waited target at 137.35, but it bounced bullishly to test 139.17 level, and begin the attempt to breach this level and hints the attempt to stop the bearish correction that dominated the recent trades, but we notice that the technical indicators provide negative signals that might push the price to decline again.

Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaching 139.17 will lead the price to build bullish wave that targets 140.00 followed by 141.40 areas as next main stations, while consolidating below it will push the price to resume the bearish correction and head towards 137.35 again.

The expected trading range for today is between 138.40 support and 140.10 resistance

The expected trend for today: Neutral