The price of (Silver) declined in its last intraday trading, amid its attempts to gain a positive momentum to help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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The price of (Gold) declined on its last intraday trading, due to the stability of the main resistance level at $3,400, attempting to gain positive momentum that might assist it to recover and breach this resistance, after offloading its overbought conditions on the (RSI), and under strong minor bullish wave.
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The price of (EURUSD) rose in its last intraday trading, amid its continued attempts to gain positive momentum that might assist its recovery and breaching the stubborn resistance at 1.1670, this resistance prevents the recovery in the intraday levels, amid the dominance of minor bullish wave on the short-term basis, with the beginning of the positive signals on the (RSI), besides the continuation of the dynamic support that comes from its trading above EMA50, representing a dynamic support that expands the positive momentum.
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The CADCHF price confirmed surpassing the negative pressure by providing several positive closes above the support of 0.5775 level recently, activating with stochastic positivity and its rally to 0.5885, approaching the initial barrier at 0.5910.
Stochastic rally above 50 level makes us expect to breach the mentioned barrier, to resume the bullish attack by reaching 0.5965 followed by the next resistance at 0.6022.
The expected trading range for today is between 0.5830 and 0.5965
Trend forecast: Bullish