The price of (silver) declined in its last trading on the intraday trading, to break $79.50 support, despite the emergence of positive signals from the relative strength indicators after reaching oversold levels, as a clear signals for the dominance of the selling powers on the price movement, with the continuation of the negative dynamic pressure, that is represented by its trading below EMA50, intensifying the negative pressure around it, and reinforces the scenario of deepening the near upcoming losses.

The price of gold is experiencing fluctuating trading on its last intraday levels, benefited from the stability of the key support at $5,000, gaining renewed bullish momentum due to the emergence of positive signals from the relative strength indicators, after reaching oversold levels, affected by breaking minor bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.

The price of EURUSD rose strongly on its last intraday levels, as an attempt to recover some previous losses, to offload its oversold conditions on the relative strength indicators, amid the dominance of the main bearish trend on short-term basis, with its trading alongside minor trend line, besides the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on the near-term basis.

The CADCHF ended the previously suggested bullish corrective rally by recording the target at 0.5775, forming a strong barrier to begin forming weak sideways trading by its stability near 0.5760.

While the continuation of the fluctuations below the current barrier that might push it to activate with the main indicators negativity, to begin forming bearish waves, to target 0.5685 and 0.5645 level, while breaching the barrier and holding above it will delay the negative attack, providing a chances for recovering more losses by its rally towards 0.5815 initially.

The expected trading range for today is between 0.5685 and 0.5780

Trend forecast: Bearish