Silver price resumed its positive trades to surpass 25.00$ barrier, reinforcing the expectations of continuing the bullish trend, reminding you that our next target is located at 25.50.

Stochastic attempts to get rid of its negative momentum to support the suggested positive scenario, 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 price fluctuates around the intraday bullish channel’s resistance, waiting to get positive momentum that assist to push the price to resume the main bullish trend, which targets 2075.25 areas as a next main station.

The EMA50 continues to support the suggested bullish wave, being aware that breaking 2037.00 will put the price under intraday negative pressure that targets testing 2020.00 areas and might extend to 2009.30 before any new attempt to rise.

The expected trading range for today is between 2030.00 support and 2065.00 resistance.

The expected trend for today: Bullish

The USDCAD pair bounced bullishly yesterday to test the key resistance 1.3605, noticing that the price keeps its stability below it, to keep the bearish trend scenario valid for the upcoming period, supported by the negative signals provided by stochastic now, waiting to resume the bearish wave that targets 1.3500 as a next station.

The EMA50 supports the expected decline, reminding you that breaching 1.3605 will push the price to achieve intraday gains and visit 1.3680 level mainly.

The expected trading range for today is between 1.3500 support and 1.3640 resistance.

The expected trend for today: Bearish

The USDJPY pair provided clear positive trades yesterday to approach 148.00 barrier, and bounced bearishly to press on the bullish channel’s support line that appears on the chart, noticing that stochastic overlaps negatively to support the chances of breaking this level and open the way to continue the decline, waiting to visit 146.17 as a next main target.

Therefore, the bearish trend scenario will remain suggested, noting that breaching 147.40 will push the price to achieve new gains and test 148.30 areas before any new attempt to decline.

The expected trading range for today is between 146.20 support and 147.60 resistance

The expected trend for today: Bearish