The price of (silver) rose in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, despite reaching overbought level, taking advantage of the dynamic support that is represented by its trading above EMA50, amid the trading alongside minor bullish trend line on the short-term basis, reinforcing the positive track of the price.
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The price of (gold) declined in its last intraday trading, after breaching the main resistance at $4,000 for the first time in history, to take a breather to attempt to gather the gains quickly before recording new all-time highs, besides the emergence of negative crossover on the relative strength indicators, after reaching overbought levels, attempting to offload some of these conditions, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line.
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The price of (EURUSD) rose in its last intraday level, after approaching our morning suggested target at 1.1600, attempting to rise to recover some of the previous losses, and attempting to offload some of the clear oversold levels on the relative strength indicators, especially with the emergence of positive crossover, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside supportive trendline for the track.
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The GBPCHF ended the last trading by providing positive closes above the support at 1.0655 level, activating stochastic positivity by its stability near 1.0725, increasing the chances of activating the bullish attack in the near and medium period trading.
The continuation of the bullish attempts makes us expect to surpass 1.0755 level, then attack the barrier at 1.0805, forming a confirmation key for the main trend in the upcoming trading.
The expected trading range for today is between 1.0683 and 1.0770
Trend forecast: Bullish