The price of (silver) declined in its last intraday trading, due to the stability of the solid resistance at $58.80, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to recover and rise again, especially with its trading alongside main and minor trend line on the short-term basis.

The price of (Gold) rose in its last intraday trading, as it leans on the EMA50’s support, gaining bullish momentum that helped it to stop its early losses, especially with the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from there, under the dominance of the bullish trend on the short-term basis and its trading alongside trend line.

The price of (EURUSD) returned to rise in its last intraday trading, after witnessing natural profit-taking phase during its early trading for today, offloading its overbought conditions on the relative strength indicators, gaining more positive momentum, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for the stability of this track.

The CADJPY keeps the bullish scenario by its stability above the extra support at 109.30, attempting to form the flag pattern, which supports the chances for resuming the main bullish scenario.

Gathering bullish momentum is important for surpassing the barrier at 111.65 level, to expect forming a strong bullish rally to target 112.25 level initially, reaching the next main target at 112.90.

The expected trading range for today is between 110.90 and 112.20

Trend forecast: Bullish