The price of (silver) rose in its last intraday trading, reaching the stubborn key resistance at $58.80, amid the continuation of the positive pressure due to its trading above EMA50, with the emergence of the positive signals on the relative strength indicators, besides the dominance of the main bullish trend on the short-term basis, these factors intensify the chances of breaching this resistance.

The price of (Gold) rose in its last intraday trading, attempting to get rid of the negative pressure of the EMA50, amid the dominance of the bullish trend on the short-term basis and its trading alongside trend line, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels to reinforce the possibility of extending the gains.

The price of (EURUSD) witnessed fluctuated trading on its last intraday levels, amid the recovery attempts, supported by the emergence of the positive signals on the relative strength indicators, under the dominance of bullish corrective wave on the short-term basis with its trading alongside trendline, taking advantage of its trading above EMA50, to reinforce the chances of the price recovery.

The EURNZD continued forming clear negative movement, affected by the continuation of forming strong barrier at 2.0335 level, suffering some losses by its stability near 2.0120, noting that the continuation of stochastic stability within the oversold level will increase the negative pressure on the current trading, to pave the way for reaching the initial target at 2.0060. Breaking this barrier might extend the losses towards 1.9955 directly, to face the moving average of 55.

While the stability above 2.0060 level will force it to form mixed trading, and there is a chance for recovering some losses by its rally towards 2.0210 before any attempt to reach the previously suggested negative target.

The expected trading range for today is between 2.0060 and 2.0175

Trend forecast: Bearish