The price of (Silver) rose in its last intraday trading, despite the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to offload some of this overbought conditions, which canceled its last gains, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance pf the main bullish trend on the short-term basis and its trading alongside supportive minor bias line.
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The price of (Gold) rose in its last intraday trading, amid the attempts of gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the stability of the current resistance at $3,540, which represents our target in our previous analysis, amid the dominance of the main bullish trend and the trading alongside supportive minor bias line on the short-term basis for this track.
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The price of (EURUSD) declined in its last intraday trading, after it attempted to recover its yesterday’s losses in its early trading today, and it attempted to offload some of its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from there, to hit the resistance of its EMA50, which forced the price to decline again.
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Despite the neediness of the CADCHF to the positive momentum in the last period, but it its positive stability above the support at 0.5780 supports the chances of activating the suggested bullish correctional attempts, to fluctuate near 0.5830.
By the above image, we notice stochastic attempt to provide positive momentum by its stability above 20 level, to increase the chances for targeting the positive stations by its rally towards 0.5910, surpassing it might succeed in renewing the pressure on the barrier at 0.6020 level.
The expected trading range for today is between 0.5800 and 0.5910
Trend forecast: Bullish