The price of (silver) declined in its last intraday trading, attempting to gain bullish momentum that may help it to recover and rise again and attempt to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the dominance and stability of the main bullish trend on short-term basis.

The price of gold declined in its last intraday trading, taking a breather to gather the gains of its previous rises, and offloading some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather bullish momentum for resuming its strong gains, amid the dominance of the main bullish trend on short-term basis with its trading alongside minor trend line.

The price of EURUSD declined on its last intraday trading, to gain bullish momentum to help it recover and rise again, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this trend, with the continuation of the positive support due to its trading above EMA50, besides the emergence of positive signals from relative strength indicators from relative strength indicators, after reaching oversold levels.

The CHFJPY resisted the intraday negative pressure due to stochastic reach below 50 level, to keep its stability within the bullish channel’s levels, to notice it continued fluctuation above the initial support at 198.75.

The main indicators attempt to provide bullish momentum will increase the chances of forming new bullish waves, to keep waiting for targeting 200.55 level, then recording the next main target at 202.20, which represents 216.8%Fibonacci extension level that appears in the above image.

The expected trading range for today is between 199.00 and 200.55

Trend forecast: Bullish