The price of (Silver) moves in limited range, amid the continuation of negative pressure due to its trading below EMA50, under the domination of bearish correctional wave on the short-term basis, besides the emergence of the negative signals on the (RSI) after reaching overbought levels, reinforcing the chances for breaking the near support levels. 

The price of (Gold) deepened its last intraday trading, to keep moving within a bearish correctional channel’s range that dominates its move on the short-term basis, indicating the dominance of the sellers on the technical scene, and the negative pressures have increased after breaking a main bullish trend line, reinforcing the chances for extending the downside moves, accompanied by the emergence of the negative signals on the (RSI), despite entering oversold levels, indicating the continuation of the negative momentum.

The price of (EURUSD) continued the rise in its recent intraday levels, to succeed in breaching the critical resistance at 1.1600, supported by its continued trading above EMA50, and under the domination of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of the negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the gains temporarily due to its neediness to offload the overbought condition.

CADCHF succeeded in reaching the initial negative target at 0.5910, taking advantage of the negative factors that are represented by the main stability within the bearish channel’s levels, besides the continuation of forming 0.6010 level, a strong barrier against the last trading.

Note that the continuation of providing negative momentum by the main indicators will increase the chances of resuming the negative attack, expecting reaching 0.5855, attempting to press on the next support near 0.5785, which represents the next main target of the current trading.

The expected trading range for today is between 0.5855 and 0.5950

Trend forecast: Bearish