Silver price settles lower in its recent intraday trading , amid the emergence of negative signals from the relative strength indicators, after reaching overbought levels, to attempt to look for higher low to use it as a base might help it to gain the required bullish momentum for its recovery and rising again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this path.

Gold price fluctuated within limited range during its recent intraday trading, leaning on EMA50’s support, keeping its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on short-term basis, on the other hand, we notice the emergence of the negative signals from the relative strength indicators after reaching overbought levels.

The EURUSD pair rose in its recent intraday trading, recovering all its recent losses for today after its stability on EMA50’s support, gaining positive momentum that helped it to achieve these gains, amid the dominance of the bullish trend on short-term basis, with the emergence of positive signals from the relative strength indicators from the relative strength indicators, after reaching oversold levels, to gain extra positive strength to expand the gains in the upcoming near period.

Despite providing positive momentum by stochastic, we notice the stability of CADCHF below 0.5780 level supports the dominance of the bearish track, fluctuating near the moving average 55 at 0.5720.

The main stability with the bearish channel’s levels makes us wait for gathering extra negative momentum, which supports renewing the bearish attempts by reaching 0.5650 initially, repeating the pressure on the main support at 0.5595.

The expected trading range for today is between 0.5650 and 0.5735

Trend forecast: Bearish