The price of (silver) keeps its early gains in its last intraday trading, due to its leaning on EMA50, gaining bullish momentum that intensified with the emergence of the positive signals from the relative strength indicators, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend.

The price of gold rose in its last intraday trading, to settle above the main resistance at $4,800, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside minor trend line, noticing the negative signals from the relative strength indicators, after offloading its overbought conditions on relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on near-term basis.

The price of EURUSD rose in its last intraday trading, supported by its continuous trading above EMA50, providing support base that provided bullish momentum, especially with the emergence of positive divergence on relative strength indicators, after reaching oversold levels, exaggerated compared to the price move with the emergence of positive signals from there, reinforcing the chances of extending its intraday gains.

The EURNZD is experiencing new negative pressure, which forces it to reach below the moving average 55 at 2.0070, to confirm the surrender of the bearish scenario to settle near 1.9955.

The stability of stochastic within the oversold levels will increase negative pressures on today’s trading, which makes us prefer more negative attempts, which might target 1.9875 level reaching extra support at 1.9770.

The expected trading range for today is between 2.0025 and 1.9875

Trend forecast: Bearish