The price of (silver) extended its gains in its last intraday trading, to settle above $49.70 resistance amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor trend line for the track, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
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The price of (gold) rose in its last trading on an intraday basis, amid the stability of the support level at $3,950, taking advantage of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from there, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline.
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The price of (EURUSD) settled high in its last intraday trading, amid the attempt of recovering previous losses, at the same time, it attempts to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this track.
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The EURNZD succeeded in getting rid of the negative pressure, to end the bearish corrective track by providing new positive close above the extra support at 2.0050, forming bullish waves and its stability near 2.0115.
Note that the main stability within the bullish channel’s levels, and stochastic attempt to provide positive momentum will assist to confirm the bullish scenario, which might target 2.0215 and 2.0295.
The expected trading range for today is between 2.0070 and 2.0215
Trend forecast: Bullish