The price of (Silver) witnessed fluctuated trading in its last intraday levels, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, which makes this positive scenario stable dynamically, on the other hand, we notice the emergence of negative overlapping signals after reaching overbought levels, which decelerate the upside track due to its neediness to offload some of these overbought conditions.
The price of (Gold) settled low in its last intraday trading, after it succeeded in early trading in offloading some of its clear overbought conditions on the (RSI), which allows it to achieve new gains easily, where it leans on the support of its EMA50 amid its affection by positive technical formation on the intraday level, represented by the falling wedge pattern, providing positive momentum that allows it to rise on the intraday basis.
The price of (EURUSD) declined in its recent intraday levels, after retesting the key resistance at 1.1745, accompanied by reaching the resistance of its EMA50, putting it under the intensive negative pressure to surrender to this pressure, especially with the (RSI) reach to exaggerated overbought levels compared by the price move, opening the way for more of the downside moves.
The NZDCAD is under strong negative pressures, reaching the support of the minor bullish channel at 0.8242, forcing it to suffer some losses by hitting 0.8175.
Forming new resistance by the broken support and providing negative momentum by the main indicators make us expect forming bearish waves, to attempt to reach 0.8140 and 0.8075.
The expected trading range for today is between 0.8140 and 0.8230
Trend forecast: Bearish