Silver price ended yesterday around 25.50 level and shows attempts to breach it, which makes us prefer staying aside until the price confirms its situation according to this level followed by detecting its next destination clearly.

Note that breaching the mentioned level will push the price to resume the main bullish trend and achieve positive targets that start at 27.45, while consolidating below it will press on the price to decline again and head towards 22.87 as a next correctional target.

The expected trading range for today is between 24.90 support and 26.10 resistance.

The expected trend for today: Neutral

Gold price bounced upwards strongly from 1838.10 areas, to keep the bullish trend scenario valid and active for the upcoming period, and the price approaches forming new double bottom pattern that its confirmation line located at 1863.80, thus, breaching this level will push the price to achieve our waited positive targets that start at 1880.00 and extend to 1928.60.

Therefore, the bullish trend scenario will remain suggested conditioned by the price stability above 1838.10.

The expected trading range for today is between 1845.00 support and 1880.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with clear negativity yesterday to approach our waited negative target at 1.2688, expecting the continuation of the decline to surpass this level and open the way to extend the bearish wave on the intraday and short term basis, as the next target reaches 1.2520 areas.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2854 and hold above it.

The expected trading range for today is between 1.2640 support and 1.2790 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with strong negativity yesterday to break 104.10 and reach the most important support 103.65, starting today with additional decline to attack this level and trade below it now, which pushes the price to achieve more negative trades and return to the main bearish track again, on its way to visit 102.50 that represents the next negative target.

Therefore, the bearish bias will be expected for the upcoming sessions, taking into consideration that breaching 104.10 will stop the current negative pressure and push the price to turn to rise.

The expected trading range for today is between 102.90 support and 104.10 resistance

The expected trend for today: Bearish