The price of (Silver) declined in its last intraday trading, in a natural technical move to gather the gains of its previous rises and attempts to offload some of its clear overbought conditions on the (RSI), with the emergence of negative overlapping signals, gathering positive strength that might help it to keep a strong positive track on the short-term basis.
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The price of (Gold) rose on its last intraday trading, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, reducing the last gains, due to its neediness to offload some of this overbought level, amid the continuation of the positive pressure that comes from its trading above EAM50, and under the dominance of the main bullish trend and its trading alongside supportive minor bias line on the short-term basis.
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The price of (EURUSD) witnessed mixed trading in its last intraday levels, amid the pair’s attempts to breach the stubborn resistance at 1.1730, supported by its continuous trading above EMA50, under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, the contradiction between these signals supported the last fluctuation.
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The GBPCHF formed a minor bearish channel in its last trading, fluctuating below the resistance at 1.0810, affected by the negativity of the moving average 55, which settles above the resistance to increase its stability against the current trading.
The beginning of providing negative momentum by stochastic will push the price to form strong bearish waves to expect reaching 1.0765, then attempts to renew the pressure on the barrier at 1.0730.
The expected trading range for today is between 1.0765 and 1.0800
Trend forecast: Bearish