The price of (silver) rose in its last intraday trading, despite the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, indicating the strength of the positive momentum, to settle above the current resistance level at $44.75, to confirm breaching it to open the way for targeting new resistance levels on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this track.
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The price of (gold) continues its attempts to gain bullish momentum in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the dominance of the main bullish trend on the short-term basis, amid its trading alongside trend line, besides the emergence of the positive signals on the relative strength indicators.
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The price of (EURUSD) declined in its last intraday trading, due to the stability of the resistance at 1.1680, surrendering to the negative pressure, after the price success in offloading its oversold conditions on the relative strength indicators, opening the way for recording new losses, amid the dominance of the bearish correction trend on the short-term basis, and its trading alongside supportive trendline for this track.
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The NZDCAD achieved a clear break to 0.8080 support in yesterday’s trading, forming strong bearish decline by targeting 0.8015 level, to confirm its move to a new negative station.
Stochastic stability within the oversold level to settle negatively, providing extra negative momentum to resume the bearish attempts, to expect reaching 0.7980 followed by the next support near 0.7930.
The expected trading range for today is between 0.7980 and 0.8070
Trend forecast: Bearish