The price of (silver) settles on gains in its last intraday trading, amid the emergence of positive signals from relative strength with its trading alongside minor bullish trend line on the short-term basis, and it benefited from the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending its gains on the near-term basis.

The price of gold declined in its last intraday trading, in attempt to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish trend on short-term basis, with its trading alongside trend line, besides the continuation of the positive pressure due to its trading above EMA50, noticing the emergence of the positive signals from relative strength indicators.

The price of EURUSD declined in its last intraday trading, after reaching EA50’s resistance, which put it under negative pressure, accompanied by testing bearish corrective trend line on short-term basis, with the emergence of negative signals from relative strength indicators, after reaching overbought levels, surrendering to the negative pressures.

The GBPCAD succeeded in surpassing the temporary negative pressure by providing new bullish close above the bullish channel’s support at 1.8415, activating with stochastic positivity and recording some gains by reaching 1.8540 level.

The price needs to rally above the moving average 55 near 1.8550, to confirm its readiness to resume the main bullish trend, to expect targeting 1.8605 and 1.8665 initially.

The expected trading range for today is between 1.8455 and 1.8605

Trend forecast: Bullish