The price of (silver) witnessed slight losses in its last intraday trading, due to the stability of the key resistance at $78.10, attempting to gain the required positive momentum to breach the resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis with its trading alongside trendline that supports this track, accompanied by the emergence of the positive signals from the relative strength indicators, despite its stability in overbought levels.

The price of (Gold) declined in its recent intraday trading, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of the main bullish trend on the short-term basis, with a dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.

The price of (EURUSD) declined in its last intraday trading, with the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of bearish corrective wave on the short-term.

The EURNZD confirmed its surrender to the bearish corrective bias dominance due to the failure of surpassing the barrier near 2.0420, activating with stochastic negativity by reaching 2.0210 as appears in the above image.

Facing negative pressures might force it to suffer more of the losses by reaching 2.0170, to face extra support near2.0060, while breaching the barrier and holding above it will return the bullish trend, which makes us prefer targeting new positive stations that begin at 2.0520 and 2.0635.

The expected trading range for today is between 2.0060 and 2.0320

Trend forecast: Bearish