The price of (silver) shrank its early gains for today, attempting to gain bullish momentum that may help it to rise again, attempting at the same time to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, this comes amid the dominance of the main bullish trend and its trading alongside supportive trend for this trend. 

The price of (Gold) keeps fluctuating on its last intraday levels, amid the emergence of the positive pressure of the EMA50, with the dominance of the main bullish trend and its trading alongside minor trend line, to gain bullish momentum that might help it to recover and resume its rise.

The price of (EURUSD) declined in its last intraday trading, due to the stability of the resistance at 1.1605, gathering the gains of its previous rises, attempting to gains bullish momentum that might help it breach this resistance, to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis.

GBPCHF recorded several gains by its exit from the bearish channel’s levels and breaching 1.0560 level, reaching strong barrier at 1.0670 to settle below it.

The suggested scenario of the near and medium trading depends on the strength of this barrier, and its stability makes us expect to activate the negative attempts, to target 1.0605 and 1.0560 level, while breaching the barrier and holding above it will confirm a new bullish track, to begin recording extra gains by its rally towards 1.0725 and 1.0695 initially.

The expected trading range for today is between 0.0605 and 2.0670

Trend forecast: Bearish