The price of (silver) rose in its last intraday trading, to confirm breaching the key resistance at $86.00, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of minor bullish wave on short-term basis, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which might reduce the gains in near period.

The price of gold declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought on relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it to resume its gains, amid the continuation of the positive support due to its trading above EMA50, with its trading alongside minor bullish trend line on short-term basis.

The price of EURUSD declined in its last intraday trading, due to the stability of the resistance at 1.1835 resistance level, affected by reaching EMA50’s resistance, which put it under intensive negative pressure, especially with the emergence of negative overlapping signals from relative strength indicators, after reaching exaggerated overbought levels on relative strength indicators, indicating the beginning of negative divergence that might increase the negative pressure on the price.

No change on CHFJPY’s price track until this moment, due to its stability above the support of the bullish channel’s support near 198.65, besides the attempts of the main indicators to provide bullish momentum, fluctuating near199.90 level.

We expect the continuation of gathering bullish momentum by forming bullish waves, attempting to reach 200.50, to extend the trading towards facing %61.8 Fibonacci corrective level at 201,25, which represents confirmation key for the main trend on the medium-term trading.

The expected trading range for today is between 0.5630 and 0.5720

Trend forecast: Bullish