Silver extended its gains during its latest intraday trading, confirming a breakout above the key resistance level at $75.85. This move is supported by its continued trading above the EMA50, which provides renewed positive momentum and helps maintain the stability and dominance of the short-term corrective bullish trend, especially as prices move along an upward trendline supporting this path.

In addition, we notice ongoing positive signals from the relative strength indicators, despite reaching heavily overbought levels.

Bitcoin (BTCUSD) has shown some volatility in its recent intraday trading, as the price attempts to take profits from its previous gains. At the same time, it is trying to ease some of its clear overbought conditions on the relative strength indicators, with the beginning of a negative crossover.

This comes as the price gathers positive momentum that may help it maintain the short-term bullish trend, particularly with the continued positive pressure resulting from trading above EMA50, which adds further strength to the overall price movement.

The EURUSD pair continued its upward movement during its latest intraday trading, with the recent rise bringing it to test the resistance level at 1.1790, which represented a target in our previous report. This move is supported by its continued trading above EMA50, which reinforces the stability and dominance of the main bullish trend in the short term, as prices move alongside major and minor bullish trendlines supporting this path.

The CADCHF ended the bullish corrective rebound by testing the barrier at 0.5785, to activate with the main indicators negativity by reaching 0.5680.

Note that the stability within the bearish channel’s levels and stochastic attempt to reach the oversold level will increase the negative pressures on the current trading, to reach 0.5650 level, attempting to press on 05610 in order to resume the negative attack in the upcoming period trading.

The expected trading range for today is between 0.5650 and 0.5705

Trend forecast: Bearish