The crude oil price move downside in its recent intraday trading, affected by the negative pressure that comes from the EMA50, besides the stability of the stubborn resistance level at $61.50, attempting to gain some of the positive momentum that might assist breaching the resistance and surpassing its negative pressures. 

The gold price declined in its last intraday trading, amid the price’s attempts to gain positive momentum, that assists the recovery and rise again, where the main bullish trend dominates, and there are positive signals come from the (RSI)and the trading stability above $3.200.

The EURUSD pair witnessed slight upside moves on the intraday levels, as it attempts to gain positive momentum that could support it to renew the upside trend. A bullish overlapping signal started to appear on the Relative Strength Index (RSI), after the indicator entered deep oversold areas compared to the pair’s movement, under the domination of the main bullish trend on the short-term basis.

The CHFJPY succeeded to activate the bullish attack by its repeated stability above the breached bearish channel’s resistance at 173.95, which represents a strong support against the bullish attempts, to notice achieving several positive gains by reaching 176.45.

The current sideways fluctuation caused by stochastic attempt to exit the overbought level, which makes us wait for gathering extra positive momentum in the current trading, reinforcing the chances for attacking 176.75 barrier, and surpassing it will reinforce recording extra gains by reaching 177.40.

The expected trading range for today is between 174.85 and 176.70

Trend forecast: Bullish