The price of (silver) continued its decline in its last intraday trading, after breaking its EMA50’s support, which increased the negative pressure and pushed it to deepen its losses clearly, accompanied by the emergence of negative signals from relative strength indicators, as a signal for increasing the selling momentum, before confirming the negativity of the scene by breaking bullish corrective trend line on short-term basis, intensifying the chances of near term recovery.

The price of gold slipped lower in its last intraday trading, after breaking minor bullish trend line on short-term basis, which pushed it into a wave of increasing negative pressure, which increased by breaking EMA50’s support, accompanied by the emergence of clear negative signals from relative strength indicators, indicating a sudden turn in the technical track and reinforces the possibilities of the decline continuation in the near period.

The price of EURUSD kept declining in its last intraday trading, breaking 1.1620 support, this support was an expected in our previous analysis, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals from relative strength indicators, despite reaching oversold levels.

The GBPCAD faced strong bearish pressures, which force it to break the bullish channel’s support at 1.8425, to begin forming strong bearish waves, targeting 1.8220 level.

We notice providing negative momentum by the main indicators to confirm the surrender of the negative scenario, to keep preferring the bearish attempts, which might target extra stations that begin at 1.8160 and 1.8080.

The expected trading range for today is between 1.8160 and 1.8355

Trend forecast: Bearish