Silver price traded with clear positivity yesterday to test the key resistance 22.20, and begins to rebound bearishly now, as the EMA50 meets the mentioned level to add more strength to it, while stochastic shows clear negative signals.

Therefore, we believe that the chances valid to resume the bearish trend on the intraday and short term basis, which its next main target located at 20.75, while achieving it requires holding below 22.20.

The expected trading range for today is between 21.50 support and 22.40 resistance.

The expected trend for today: Bearish

Gold price’s rise stopped at 1765.00 level, and begins to provide bearish rebound signals after reaching the bearis channel’s resistance that appears on the chart, motivated by the negative signals that appear through stochastic, which makes us suggest witnessing negative trades in the upcoming sessions, and the targets begin by testing 1735.00 again.

Holding below 1770.00 is important to continue the expected decline, as breaching it will lead the price to exit the correct bearish track followed by turning to rise on the intraday and short term basis.

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

The expected trend for today: Bearish

The USDCAD pair faced strong negative pressure yesterday to attack 1.2665 level, but it returned to settle above it, starting today with bullish bias to hint resuming the expected bullish trend in the upcoming period, motivated by stochastic positivity, waiting to head towards 1.2840 as a next main target.

Breaching 1.2720 will ease the mission to rise, which will remain valid unless breaking 1.2665 and holding below it.

The expected trading range for today is between 1.2650 support and 1.2790 resistance.

The expected trend for today: Bullish

The USDJPY pair bounced downwards clearly after testing 112.00 barrier, to start bearish correction for the rise that started from 109.10 areas, on its way to visit 110.95 that represents 38.2% Fibonacci correction level, noting that breaking this level will push the price to 110.25 as a next station.

Therefore, the bearish bias will be suggested for the upcoming period, noting that breaching 112.05 will stop the expected bearish correction and lead the price to resume the main bullish trend again.

The expected trading range for today is between 110.60 support and 111.90 resistance

The expected trend for today: Bearish