The price of (silver) rose during its last intraday trading, supported by the emergence of the positive signals from relative strength indicators, after reaching oversold levels, attempting to recover some previous losses, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the bearish corrective trend on short-term basis, amid the trading alongside steep trend line.

The price of gold extended its early gains in its last intraday trading, affected by the stability of the current support at $4,800, gaining bullish momentum to intensifies the emergence of the positive signals from relative strength indicators, after reaching oversold levels, on the other hand, the price remains under negative pressures due to its trading below EMA50, which makes any current attempt to rise threatened to reverse at any moment, especially with the dominance of the bearish corrective trend on short-term basis.

The price of EURUSD kept declining in its fluctuating trading, which prefers the negativity on its last intraday levels, amid the emergence of positive signals from relative strength indicators, accompanied by the dominance of bearish corrective wave on short-term basis, with its trading below EMA50, reducing the chances of the price sustainable recovery on near-term basis.

The CADCHF succeeded in surpassing the negative pressures and providing several bullish closes above 0.5600 support, forming some bullish corrective waves by reaching 0.5715 level, to provide mixed trading due to the contradiction between the main indicators.

In general, the stability above the previously mentioned support makes us wait for gathering extra bullish momentum to ease the mission of resuming the bullish corrective trend, to expect reaching 0.5745 initially then attempting to breach the barrier at 0.5780.

The expected trading range for today is between0.5650 and 0.5745

Trend forecast: Bullish