The price of (silver) surged higher in its last intraday trading, breaching minor bearish trend line on short-term basis, accompanied by surpassing EMA50’s resistance, getting rid of surpassing its bearish pressure, supported by the emergence of positive signals from relative strength indicators, after offloading its overbought levels, opening the way for extending its gains on near-term basis.

The price of gold rose in its last intraday trading, to settle above the main psychological resistance at $5,000, supported by its continuous trading above EMA50, with the trading alongside minor bullish trend line on the short-term basis, reinforcing the stability of this rise, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels.

The price of EURUSD settles on cautious gains in its last intraday trading, taking advantage of the positive signals from relative strength indicators, after reaching oversold levels, with its attempts to offload the oversold conditions, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis.

The CADCHF faced negative pressures in its last trading, to force it delay the attempt of activating the bullish corrective track, to notice retesting 0.5600 support to settle above it.

Providing bullish momentum by stochastic with increase the chances of forming new bullish waves, to expect targeting 0.5720 level, then attempts to press on 0.5785 barrier to find an exit to record extra gains in the upcoming period.

The expected trading range for today is between 0.5630 and 0.5720

Trend forecast: Bullish