Silver price bounced downwards strongly yesterday after approaching 35.00$ barrier, to achieve temporary bearish correction that stopped at 23.6% Fibonacci correction level that forms good support at 33.70$, to start recovery again and head towards regaining the bullish trend again, on its way to achieve gains that start at 35.00$.

Therefore, the bullish bias will be expected for today, supported by stochastic positivity, noting that breaking 33.70$ will put the price under additional negative pressure that its next target reaches 33.05$.

The expected trading range for today is between 33.50$ support and 34.40$ resistance.

Trend forecast: Bullish

Gold price faced strong negative pressure yesterday, to achieve some bearish correction for the last rise, noticing that the price begins today with bullish bias that hints heading to resume the main bullish trend again, motivated by stochastic positivity.

Therefore, we expect to witness positive trades in the upcoming sessions, supported by the EMA50, and the targets begin at 2760.00$ followed by 2775.00$, noting that failing to consolidate above 2722.00$ will push the price to achieve additional bearish correction that its next target reaches 2700.00$.

The expected trading range for today is between 2710.00$ support and 2745.00$ resistance.

Trend forecast: Bullish

The USDCAD price shows bearish bias after the positive attempts that it witnessed yesterday, and by taking a deeper look at the chart, we find that the recent trades are confined within rising wedge pattern that its support line located at 1.3820$, which means that breaking this level will put the price under negative pressure that its targets begin by testing 1.3760$ areas.

Therefore, we expect to witness negative trades in the upcoming sessions, taking into consideration that breaching 1.3860$ will stop the negative scenario and lead the price to resume the bullish track again.

The expected trading range for today is between 1.3750$ support and 1.3890$ resistance

Trend forecast: Bearish

The USDJPY price succeeded to achieve our positive targets mentioned in our last report, as it surpassed 152.05 to reach the extended target at 153.00, noticing that the price shows bearish rebound that hints heading for potential test to the key support 151.09 in the upcoming sessions.

Therefore, the bearish bias will be expected for today, supported by the RSI negativity, noting that breaching 153.00 will push the price to continue the rise and achieve new gains that start at 153.65 and extend to 154.65.

The expected trading range for today is between 151.50 support and 153.10 resistance

Trend forecast: Bearish