Silver price found solid resistance at 31.63$, to rebound downwards sharply and reach 30.63$ now, and we suggest breaking this level to open the way to suffer additional losses that reach 29.63$.

Therefore, the bearish trend will be expected for today, noting that the consolidation of 30.63$ level against the current negative pressure will push the price to recover and visit 31.63$ again.

The expected trading range for today is between 30.35$ support and 31.25$ resistance.

Trend forecast: Bearish

Gold price bounced downwards strongly after touching the bullish channel’s resistance line that appears on the chart, to head towards testing its support line at 2764.20$, and we need to monitor the price at this level due to its importance to detect the next destination.

Note that the continuation of the decline and breaking the mentioned support will push the price to achieve bearish correction that its first main target located at 2727.70$, while consolidating above it will lead the price to resume the main bullish trend and head to visit 2820.00$ as a next positive station.

The expected trading range for today is between 2755.00$ support and 2795.00$ resistance.

Trend forecast: Bearish

The USDCAD price begins today with sharp rise after Trump decision to impose the Tariffs on Canada, which pushed the price to surpass the waited positive target at 1.4700$ and open the way to continue the rise on the intraday and short-term basis, targeting 1.4900$ followed by 1.5000$ levels as next main stations.

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to consolidate above 1.4715$ will stop the bullish wave and push the price to decline towards the bullish channel’s support line, located now at 1.4490$.

The expected trading range for today is between 1.4720$ support and 1.4870$ resistance

Trend forecast: Bullish

The USDJPY price found solid support at 153.75 and couldn’t manage to break it, to rebound upwards clearly and surpass 154.96 level, noticing that the price begins today with more rise to attempt to return to the main bullish channel, which pushes the price to achieve more gains in the upcoming period, targeting testing 156.45 as a next positive station.

Therefore, the bullish trend will be expected on the intraday and short-term basis, taking into consideration that breaking 154.96 will stop the expected rise and push the price to decline again.

The expected trading range for today is between 154.70 support and 156.40 resistance

Trend forecast: Bullish