The price of (Silver) rose in its last intraday trading, amid the dominance of the main bullish trend and its trading alongside a minor bias line for this trend, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, to suggest begin forming positive divergence.
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The price of (Gold) settled high in its last intraday trading, after offloading its clear overbought condition on the (RSI), noticing the emergence of positive overlapping signals, increasing the positive momentum, especially with the dominance of the main bullish trend and its trading alongside a supportive minor bias line for the track, indicating its strength and dominance on the near-term basis.
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The price of (EURUSD) rose cautiously in its last intraday trading, amid the continuation of the negative that comes from its trading below EAM50, holding below the resistance of 1.1660, besides the emergence of the negative signals on the (RSI), after reaching exaggerated overbought levels that intensifies the negative pressure.
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The GBPCAD kept its stability within the stability of the bullish channel’s levels, forming strong support by161.8%Fibonacci extension level at 1.8410, while allowing it to form bullish waves and its stability near 1.8565.
Note that the stability of moving the average 55 near the current support, and by stochastic attempt to provide positive momentum, these factors will increase the chances for forming new bullish rally, to attempt to step above the obstacle at 1.8650, then attempt to achieve extra gains by reaching 1.8730 and 1.8800.
The expected trading range for today is between 1.8510 and 1.8650
Trend forecast: Bullish