The price of (silver) settles with gains in its last intraday trading, taking advantage of the positive signals from the relative strength indicators, despite reaching overbought levels, amid the continuation of the positive pressure that come from its trading above EMA50, which reinforces extending its intraday gains, especially with the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trend line for this trend.

The price of gold (GOLD) is experiencing a state of relative calm, trading within a narrow range around its recent intraday levels, as it attempts to gain positive momentum that could help it recover and rise again. At the same time, it is trying to offload some of its clear overbought conditions indicated by the relative strength indicators, especially with the emergence of negative signals. This comes amid the continuation of dynamic support represented by trading above EMA50, which reinforces the stability of the main short-term bullish trend. 

The price of (EURUSD) declined in its last intraday trading, affected by the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, despite its stability in oversold levels.

The CHFJPY formed bearish corrective waves after recording 198.40 level, to activate the attempts of gathering the gains, to notice its approach from the initial extra support at 195.75.

The stability above the current extra support and stochastic attempt to exit the oversold level will increase the chances of activating positively by recording some gains by rising towards 197.40, then attempting to press on the barrier at 198.80.

The expected trading range for today is between 195.85 and 197.40

Trend forecast: Bullish