The price of (silver) declined in its last intraday trading, attempting to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, to lean on EMA50’s support, with the relative strength indicators’ reaching exaggerated oversold levels compared to the price move, to indicate the beginning of forming positive divergence, amid the dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line,

The price of gold is experiencing fluctuating trading on its last intraday levels, amid the stability of the key resistance at $5,200, attempting to gain bullish momentum that might help it to breach this resistance, leaning on EMA50’s support and under the dominance of bullish wave on short-term basis and its trading alongside supportive trend line for this path, besides the relative strength indicators’ reaching exaggerated oversold levels compared to the price move, indicating the beginning of forming positive divergence that intensifies the chances of moving higher.

The price of EURUSD declined in its last intraday trading, due to the stability of the key resistance at 1.1650, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, amid the dominance of the main bearish trend on short-term basis, noticing the emergence of the negative signals from the relative strength indicators, noticing that they reached oversold level, exaggeratedly compared to the price move, to indicate entering a new bullish momentum that might limit its upcoming losses.

CADCHF settles above the extra support at 0.5595, to begin forming bullish corrective waves, achieving some of the previously suggested gains by reaching 0.5765.

Despite the contradiction of the main indicators, stochastic rally above 50 level might motivate the price to resume the corrective attempts by surpassing 0.5780 level, to target extra positive stations that begin at 0.5830 reaching 0.5900 resistance.

The expected trading range for today is between 0.5685 and 0.5830

Trend forecast: Bullish