The price of (silver) rose in its last trading on the intraday basis, due to the stability of the support at $78.10, gaining some bullish momentum after offloading its overbought conditions on the relative strength indicators, to enter exaggerated oversold level now compared to the price move, to indicate fading the bearish momentum, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trendline for this trend.

The price of (Gold) rose on its recent intraday levels, due to its leaning on EMA50’s support, gaining bullish momentum that helped it achieve these gains, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this track, this rise came after offloading the overbought conditions on the relative strength indicators, which makes the indicators enter exaggerated oversold levels compared to the price move, to indicate experiencing a renewed bullish momentum.

The price of (EURUSD) settled on a decline in its last intraday trading, amid its attempts to look for rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid its trading alongside trend line on the short-term basis, with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, on the other hand, the pair remains under negative pressure due to its trading below EMA50, which may obstruct the recovery attempts on near-term basis.

The AUDCAD succeeded in confirming the bullish scenario by surpassing the barrier at 0.9255, recording clear gains by its rally towards 0.9345, besides providing bullish momentum by the main indicators will increase the efficiency of the bullish scenario, to expect recording extra gains by its rally towards 0.9400, to achieve 100.0%Fibonacci extension level.

The risk of changing the trend and begin the negative track, if the price declined sharply to settle below the main support at 0.9130.

The expected trading range for today is between 0.9260 and 0.9400

Trend forecast: Bullish