Gold rose during recent intraday trading, amid the dominance of bullish corrective wave on the short-term basis, supported by its continued trading above EMA50, reinforcing the chances of rising in the near upcoming period, increasing the likelihood of this scenario with the beginning of forming positive momentum by the relative strength indicators, after reaching positive signals from the relative strength indicators.

The (EURUSD) rose in its latest intraday trading, with the emergence of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from the relative strength indicators, amid the dominance of the bullish corrective trend on short-term basis, with the continuation of the positive support due to its trading above EMA50, intensifying the positive pressure that comes from the price.

EURCHF resisted the negative factors in its last trading, supported by forming a %100 Fibonacci extension level for a strong level of 0.8980, to activate the bullish corrective trend, reaching 0.9235 approaching the main resistance at 0.9310.

Providing extra positive momentum by the main indicators and forming extra support at 0.9145, these factors make us prefer more bullish corrective attempts, which might target 0.9310 resistance, and surpassing it might provide a chance for moving to the bullish trend. 

The expected trading range for today is between 0.9165 and 0.9310

Trend forecast: Bullish

The EURJPY pair repeatedly provided weak sideways trading, as it is confined between 184.80 and 185.45, which forms confirmation key for the near and medium trading.

The contradiction of the main indicators supports the temporary sideways bias dominance, which makes us stay neutral until surpassing one of the previously mentioned levels, if the price manages to breach 184.45 level and holding above it will confirm its move to a new positive phase, to attempt to achieve extra gains that might extend towards 186.00 and 186.65, while reaching below 148.80 will turn the bearish corrective track, forming an initial negative targets at 184.30 level.

The expected trading range for today is between 184.80 and 185.45

Trend forecast: Neutral