The price of (silver) attempted to breach the stubborn resistance at $4.750 in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor supportive trend line for this track, with the continuation of the positive pressure due to its trading above EMA50, and the emergence of the positive signals on the relative strength indicators, after offloading the overbought conditions, opening the way for achieving more of the gains in the upcoming period.
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The price of (gold) rose in its last intraday trading, approaching from its main resistance at $3,900 for the first time in its history, supported by the positive signals on the relative signals indicators, after forming positive divergence, after reaching the oversold levels, exaggeratedly compared to the price movement, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trendline.
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The price of (EURUSD) settled with gains in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, surpassing the negative pressure of the EMA50, in a key step for its recovery, attacking the bearish corrective trend line on the short-term basis.
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The EURNZD approached its last bullish rally from the resistance of the bullish channel at 2.0330, then begin forming bearish corrective waves, affected by stochastic negativity to gather the gains by reaching 2.0135.
We expect resuming the bearish corrective track, due to stochastic stability below 50 level, to expect its target to 2.0050 level, reaching the extra support at 2.000, while renewing the bullish attempts requires breaching the barrier near 2.0190, motivating the bullish attack to ease the mission of pressing on the resistance of the bullish channel.
The expected trading range for today is between 2.0000 and 2.0170
Trend forecast: Bearish