The price of (silver) extended its gains in its last intraday trading, to breach the current resistance level at $51.25, taking advantage of the positive support that comes from its trading above EMA50, amid its trading alongside minor bullish trend line on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.

The price of (Gold) witnessed fluctuated trading on its last intraday levels, to gain bullish momentum that may help it to recover and rise again, amid its trading alongside minor bullish trend line on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, besides the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

The price of (EURUSD) declined in its last intraday trading, affected by the stability of the key resistance at 1.1595, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to breach this resistance amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis.

The GBPCHF ended the bullish corrective rebound by providing new close below the minor bearish channel’s resistance at 1.0620, forming sharp decline and its stability near 1.0515, confirming the stability of the previously suggested bearish scenario.

Note that the beginning of providing extra negative momentum by stochastic reaching below 50 level will increase the chances of resuming the negative attack, to keep waiting for targeting 1.0475 level reaching 161.8%Fibonacci extension level at 1.0455, to face the support of the bearish channel as appears in the above image.

The expected trading range for today is between 1.0560 and 1.0475

Trend forecast: Bearish