The price of (Silver) kept rising in its last intraday trading, supported by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside bias line that reinforces the stability of the trend, on the other hand, we notice the slowness of the rise with the relative strength indicators’ reach to overbought levels, which makes us witness some fluctuations or correctional rebounds that target offloading this overbought conditions.
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The price of (Gold) surged to the upside in its last intraday trading, to record new his highs after breaching the critical resistance level at $3,700, amid the continuation of the positive pressure that comes from its trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside supportive trend line on the short-term basis, despite the stability of the relative strength indicators on overbought levels, to indicate the dominance of the buying powers on the price movement.
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The price of (EURUSD) witnessed strong gains in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, taking advantage of its lean on the support of main bullish trend on the short-term basis, gaining positive momentum that help it to surpass the resistance of its EMA50, surpassing its negative pressure, to open the way for targeting new resistance levels on its near-term basis.
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The CADJPY began forming the previously suggested bullish waves, depending on the stability of the support level at 105.95, attacking 107.40 barriers, activating the ascending triangle pattern that appears in the above image.
Stochastic reach to the overbought level will increase the positive pressure on the trading, which help to confirm breaching the barrier, to open the way for reaching the extra positive stations near 108.05 and 108.75.
The expected trading range for today is between 107.00 and 108.05
Trend forecast: Bullish