Silver extended its gains during its latest intraday trading, confirming a breakout above the key resistance level at $75.85. This move is supported by its continued trading above the EMA50, which provides renewed positive momentum and helps maintain the stability and dominance of the short-term corrective bullish trend, especially as prices move along an upward trendline supporting this path.
In addition, we notice ongoing positive signals from the relative strength indicators, despite reaching heavily overbought levels.
Bitcoin (BTCUSD) has shown some volatility in its recent intraday trading, as the price attempts to take profits from its previous gains. At the same time, it is trying to ease some of its clear overbought conditions on the relative strength indicators, with the beginning of a negative crossover.
MoreThe EURUSD pair continued its upward movement during its latest intraday trading, with the recent rise bringing it to test the resistance level at 1.1790, which represented a target in our previous report. This move is supported by its continued trading above EMA50, which reinforces the stability and dominance of the main bullish trend in the short term, as prices move alongside major and minor bullish trendlines supporting this path.
MoreThe CADCHF ended the bullish corrective rebound by testing the barrier at 0.5785, to activate with the main indicators negativity by reaching 0.5680.
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