The price of (silver) settled with strong gains on its last intraday levels, attempting to gather ist gains and offloading some of its overbought conditions on the relative strength indicators that might help it to resume its strong gains, to gather its positive strength that might help it to resume its gains in the upcoming period, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend.

The price of (Gold) declined slightly in its last intraday trading, attempting to gain bullish momentum that might help it to recover and exit the fluctuating area on the intraday basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish trend on the short-term basis and its trading alongside positive signals on the relative strength indicators.

The price of (EURUSD) settled lower in its last intraday trading, attempting to look for rising low to take it as a base to help it gains the required bullish momentum for its recovery, especially with its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trend line besides reaching oversold levels by the relative strength indicators, to indicate forming positive divergence, reinforcing the chances of the recovery on the near-term basis.

The AUDCAD continued to form bearish trading due to the stability below the resistance at 0.9250, which forces it to suffer some losses by reaching 0.9110, the fluctuation above the moving average 55 might force it to provide sideways trading, but the stability of stochastic within the oversold level will increase the negative pressure, keeping our bearish scenario, which might target 0.9065 level reaching 50%Fibonacci correction level at 0.9025.

The expected trading range for today is between 0.9065 and 0.9160

Trend forecast: Bearish