Silver price settles higher in its recent intraday trading , taking advantage of the positive signals from the relative strength indicators, after forming positive divergence that helped it achieve these gains, preparing to attack the key resistance at $80.00, supported by its continued trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path.
Gold price is moving within limited range of tight sideways trading during its recent intraday trading, amid its attempts to gain bullish momentum that might help it recover and rise again, to remain stable on bullish corrective trend line on short-term basis, noticing the emergence of positive signals from the relative strength indicators, after reaching oversold levels.
The EURUSD pair rose in its recent intraday trading, attacking 1.1790 resistance, amid the dominance of the bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.
The EURCHF remains stable until this moment below the resistance at 0.9310, to confirm its surrender to the main bearish trend dominance, however the contradiction of the main indicators pushed it to form weak trading by its fluctuation near 0.9230.
The price needs a new negative momentum to ease the mission of reaching below the moving average 55 that is represented by 0.9190 level, to ease the mission of targeting negative stations at 0.9140 and 0.9080.
The expected trading range for today is between 0.9190 and 0.9250
Trend forecast: Bearish