The price of (Silver) rose in its last intraday trading, after offloading its overbought conditions on the (RSI), providing bigger space for achieving more gains, amid the dominance of the main bullish trend, and its continuous trading above its EMA50, representing a dynamic support that keeps its bullish moves.

The price of (Gold) rose in its last intraday trading, to reach the resistance of its EMA50 again, supported by the beginning of the positive momentum emergence on the (RSI), after its success in offloading some of its overbought conditions, amid its affection by breaking a minor bullish channel’s support that limited its previous trading on a short-term basis. 

The price of (EURUSD) witnessed fluctuating trading in its recent intraday levels, declining in its early trading, leaning on the support of its EAM50, providing positive momentum that gives it a bullish push to bounce higher, turning this early losses into gains, preparing to attack the significant resistance level at 1.1440, amid the trading of the pair alongside a minor bullish trend line on the short-term basis, besides the emergence of the positive signals on the (RSI).

The NZDCHF kept its stability in the last trading within the bullish channel’s levels, noticing forming weak trading due to the several barriers near the 0.8300 level that decreases the chances for recording any extra gains until now.

The repeated stability below the barrier will increase the efficiency of the bearish correctional track again, to expect reaching 0.8240, then attempt to press on the bullish channel’s support at 0.8210, while motivating the bullish track requires repeated closes above the barrier to reach the positive stations at 0.8375 and 0.8415.

The expected trading range for today is between 0.8210 and 0.8300

Trend forecast: Bearish