The price of (silver) rose carefully in its last intraday trading, retesting $50.25 resistance, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, affected by breaking minor bullish trend line previously on the short-term basis.

The price of (Gold) rose in its last intraday trading, taking advantage of the dynamic support that is represented by its trading alongside minor bullish trend line on the short-term basis, despite this rise, the price remains under negative pressure due to its trading below EMA50, accompanied by the emergence of the negative signals on the relative strength indicators.

The price of (EURUSD) rose in its last intraday trading, supported by the positive signals on the relative strength indicators, to retest the key resistance at 1.1540, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of its sustainable recovery on the near-term basis, especially with its trading alongside minor bearish trend line on the short-term basis.

The EURNZD price is forced to form mixed trading, despite its stability within the bullish channel’s levels, affected by the strength of the barrier of 2.0635, fluctuating near 2.0550 level, taking advantage of the continuation of the support stability at 2.0410, increasing the chances of gathering the required bullish momentum of resuming the bullish attack.

Stochastic fluctuation below 80 level confirms the effect of the temporary sideways bias dominance, to keep waiting for gathering bullish momentum to ease the mission of surpassing the barrier at 2.0635, to begin targeting the extra stations near 2.0700 and 2.0760.

The expected trading range for today is between 2.0475 and 2.0635

Trend forecast: Bullish