The price of (Gold) rose in its last intraday trading, as it leaned on the support of its EMA50 in its early trading today, gaining bullish momentum to achieve those gains, amid its affection by its exit from the bearish correctional channel’s range that limited its previous trading on the short-term basis, besides the emergence of the positive signals on the (RSI), after it succeeded to offload its overbought condition previously, opening the way for achieving more of the rises.

The price of (ETHUSD) rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels previously, to succeed in its last rise to get rid of the negative pressure on the (RSI), opening the way towards achieving more of the gains, amid the dominance of the bullish correctional trend on the short-term basis.

The price of (EURUSD) declined in its recent intraday levels, to look for a rising low to take it as a base that might help it to gain a bullish momentum to recover, with the continuation of the positive support due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, noticing that the (RSI) reached exaggerated oversold levels compared to the price move.

The NZDCAD activated the bullish attempts in its last trading, taking advantage of its lean above the bullish channel’s support at 0.8240 level, achieving some of the gains by reaching extra significant resistance near 0.8325.

Note that the main indicators unionism by providing the positive momentum, specifically stochastic reach to the overbought levels, will reinforce the chances for breaching the current resistance, to ease the mission of achieving extra gains that might extend to 0.8370 reaching the next target at 0.8405.

The expected trading range for today is between 0.8295 and 0.8370

Trend forecast: Bullish