Silver price traded with clear positivity to test the key resistance 23.70, affected by stochastic positivity, keeping its consolidation below it until now, waiting to resume the expected bearish wave on the intraday basis, which targets 23.00 as a next main station.

Note that breaching 23.70 will stop the expected decline and lead the price to achieve new gains that start at 24.00 and extend to 24.60.

The expected trading range for today is between 23.20 support and 24.00 resistance.

The expected trend for today: Bearish

Gold price bounced upwards clearly after leaning on the intraday bullish channel’s support line that appears on the chart, to resume the expected bullish track on the intraday basis, and we believe that the way is open to achieve our positive targets that start at 2000.00 and extend to 2009.30.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1971.00 followed by 1962.35 levels and holding below them.

The expected trading range for today is between 1980.00 support and 2005.00 resistance.

The expected trend for today: Bullish

The USDCAD pair provided positive trades yesterday but it faced solid resistance formed by the EMA50 at 1.3740, to decline and head towards potential test to the key support 1.3680, to facing contradiction between the technical factors that makes us continue with our neutrality until the price confirms breaching one of the mentioned levels followed by detecting the next targets clearly.

Breaking the mentioned support will put the price under negative pressure that its targets begin at 1.3620 and extend to 1.3500 after surpassing the previous level, while breaching the resistance will push the price to continue the main bullish trend and achieve positive targets that reach 1.3845 initially.

The expected trading range for today is between 1.3640 support and 1.3780 resistance.

The expected trend for today: Neutral

The USDJPY pair succeeded to achieve the main waited target at 148.30, noticing that the price begins today with additional decline to break this level and confirm extending the correctional bearish wave, to open the way to head towards 146.17 areas as a next negative station.

Therefore, the bearish trend will remain suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 148.30 will push the price to attempt to build bullish wave and regain the main bullish trend again.

The expected trading range for today is between 146.90 support and 148.40 resistance

The expected trend for today: Bearish