The price of (silver) rose in its last intraday trading, to surpass the EMA50’s resistance, to get rid of its negative pressure amid the dominance of the short- term bullish corrective trend, with a positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price movement with the emergence of the positive signals from there.

The price of gold rose in its last intraday trading, amid the dominance of the short-term bullish trend, with its trading alongside supportive trend line for this path, besides the emergence of the positive signals from relative strength indicators, after reaching oversold levels, attempting to get rid of the negative pressure of EMA50, to announce its recovery to reinforce the chance of expanding its near term gains.

The price of EURUSD rose in its last intraday trading, in attempt to recover some previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the main bearish trend on short-term basis, with its trading alongside minor supportive trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, reduces the chances of near term sustainable recovery. 

The EURCAD price remains affected by the negative pressures, to move away from 1.6100 resistance, forming strong bearish waves, to achieve several negative targets by reaching 1.5620.

Forming extra barrier at 1.5870 level and stochastic attempt to provide negative momentum, we expect renewing the bearish attempts until reaching the next main target at 1.5520, facing the moving average 55, which might form a strong obstacle against the attempts of resuming the decline in the near trading.

The expected trading range for today is between 1.5520 and 1.5760

Trend forecast: Bearish