The price of (silver) rose in its last intraday trading, returning its balance and recovering big part of its early losses for today, after offloading its clear overbought conditions on the relative strength indicators, amid the dominance of the main bullish trend and its trading alongside supportive trend line for this trend on the short-term basis, besides the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of extending the gains in the upcoming period.

The price of gold rose in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, amid the continuation of the dynamic support that is represented by its trading above EMA50 and under the dominance of the main bullish trend on a short-term basis, with its trading alongside supportive trend line for this trend.

The price of EURUSD rose in its last intraday trading, with the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, to attempt to recover some of its previous losses, and attempts to offload this oversold conditions, amid the continuation of the negative pressure due to its trading below EMA50, intensifying the dominance of the bearish corrective trend on the short-term basis, especially with its trading within channel’s range.

GBPCHF succeeded in resuming the bullish attack in its last trading, depending on forming a solid base at 1.8400 level, surpassing the moving average 55 and targeting the barrier at 1.8680.

Stochastic decline towards 50 level make us expect an unstable situation, waiting for gathering bullish momentum to ease the mission of breaching the current barrier, to open the way for recording new gains by its rally towards 1.8790 and 1.8840.

The expected trading range for today is between 1.8600 and 1.8790

Trend forecast: Bullish