The price of (silver) declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover and rise again, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish track on the short-term basis.

The price of (Gold) declined in its last intraday trading, with the beginning of the negative signals on the relatives strength indicators, after reaching overbought levels, attempting to offload some overbought conditions, accompanied by surpassing the EMA50, putting negative pressure and exhausting its positive chances on the near-term basis, leaning on the support of the minor bullish trend line on the short-term basis as a last support levels that might help it to gain the required bullish momentum for its recovery.

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.

AUDCAD ended the last bullish rally by facing the barrier at 0.9255, representing 38.2% Fibonacci correction level, pushing it to provide mixed trading to settle near 0.9190.

Note that the stability below the barrier and stochastic attempt to provide negative momentum by reaching below 50 level will increase the negative pressure, to begin preferring the bearish trend dominance to target 0.9140 level, to attack the moving average 55 near 0.9070.

The expected trading range for today is between 0.9140 and 0.9225

Trend forecast: Bearish