The price of (Silver) extended its gains in its last intraday trading, taking advantage of the dynamic support in its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

The price of (Gold) rose in its last intraday trading, taking advantage of surpassing the negative pressure that comes from the EMA50, settled above the resistance of $3,315, despite this last rise the price still moving alongside a bearish correctional trend line on the short-term basis, which might extend its upcoming gains, reversing the intraday trend, especially with the beginning of forming negative divergence on the (RSI), after reaching overbought levels, with the emergence of the negative overlapping signals on them.

The price of (EURUSD) declined in its recent intraday levels, affected by the stability of the resistance level at 1.1745, with the dynamic resistance that is represented by the pair’s trading below EMA50, which prevents the recovery, and under the dominance of bearish correctional wave on the short-term basis and its trading within channel range, besides forming negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals appearance from them.

The EURNZD repeatedly made strong bullish attempts after confirming its stability above the support base at 1.9260, recording several gains by reaching 1.9580.

Forming new support by 1.810%Fibonacci correction level, by stochastic attempt to reach the overbought level, these factors make us prefer more of the upside moves, to target 19635 level, forming the next main target for the near trading.

The expected trading range for today is between 1.9480 and 1.9600

Trend forecast: Bullish