Silver declined during recent intraday trading, with its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, and they reached exaggerated overbought levels compared to the price move, as a signals for resuming the decline in the upcoming near period.

Gold declined in its recent intraday levels, to confirm breaking $4,600 support, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of minor bullish wave on the short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold levels, opening the way for deepening its losses on near-term basis.

The EURUSD pair declined in its recent intraday trading, preparing to break the key support at 1.1690, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, amid the dominance if bearish corrective wave on the short-term basis, and trading alongside trend line, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.

The CHFJPY activated the bearish corrective track after recording 204.35 level, to begin gathering some of its gains by reaching 201.65, facing %100 Fibonacci extension level, which forms a key support for the current trading.

To notice positive momentum by stochastic, to increase the chances of renewing the bullish attempts by its stability near 202.25 level, and the continuation of the positive pressures might lead it to resume the bullish attempts, to expect reaching 202.70, then to attempt to breach 203.25 barrier.

The expected trading range for today is between 201.900 and 202.70

Trend forecast: Bullish