The price of (silver) declined in its last intraday trading, affected by the stability of the current resistance at $32.70, after testing a bearish trend line on the short-term basis, with the emergence of the negative signals on the (RSI), after reaching overbought levels, facing the negative pressure that is caused by its trading below EMA50, to reach our morning target at $31.90.

The price of (gold) declined in its last intraday trading, affected by breaking a bullish bias line on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50, breaking the support level at $3,250, amid the emergence of the negative signals on the (RSI).

The price of (EURUSD) slides lower in its last intraday trading, amid the dominance of the bearish correctional trend and its trading alongside a bias line, with the emergence of the negative signals on the (RSI), reaching our morning target at 1.1145, representing 50%Fibonacci correction level for the last bullish wave on the short-term basis (from 1.0730 to 1.1572)

CADCHF repeatedly provide weak sideways trading by its stability near 0.5985, keeping its main stability within the main bearish channel’s levels that appear in the above image.

Note that the stability of the extra barrier at 0.6025 confirms the bearish scenario continuation, to keep waiting for extra negative momentum gathering, then begin targeting negative stations by reaching 0.5910 followed by the next target at 0.5845.

The expected trading range for today is between 0.5910 and 0.6020

Trend forecast: Bearish