The price of (silver) continued the rise in its last intraday trading, taking advantage of its trading alongside minor bullish trend line on a steep slop that indicates the dominance and stability of this track, besides the continuation of the positive pressure due to its trading above EMA50, noticing the emergence of positive signals on the relative strength indicators, despite reaching overbought levels.

The price of (Gold) jumped higher in its last intraday trading, to breach the main resistance level at $4,300, this resistance represents our expected target in our previous analysis, supported by its continued trading above EMA50, with its trading alongside minor trend line on the short-term basis, on the other hand, we notice that the relative strength indicators have reached overbought levels, reducing the gains of the precious metal upcoming trading.

The price of (EURUSD) declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, after looking for rising low to take is as a base to rise again and recover, amid the dominance of the main bullish trend and its trading alongside minor trend line that supports this trend.

The CHFJPY took advantage of its stability within the bullish channel’s levels, besides forming extra support at 193.35 level, which allows it to record new gains by its rally towards 195.85.

Reaching overbought level by stochastic and the stability of the trading above 194.60 reinforces the chances of resuming the bullish attack, attempting to record extra gains that begin at 196.40 and 197.60.

The expected trading range for today is between 195.20 and 196.40

Trend forecast: Bullish