The price of (Silver) declined in its last intraday trading, attempting to look for a rising low to take it as a base that helped it to gain the required bullish momentum for its recovery and rise again, and it succeeded in offloading its clear overbought condition on the (RSI), opening the way for achieving more of the gains, amid the dominance of the main bullish trend and its trading alongside supportive main and minor bias line for this track.
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The price of (Gold) declined in its last intraday trading, amid the attempts of gathering the gains of its previous rises and gaining positive momentum that might help it to recover and rise again, and the price succeeded in offloading its overbought condition on the (RSI), amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability of the positive scenario.
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The price of (EURUSD) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after it succeeded in offloading its overbought conditions, opening the way for achieving more of the gains in the near-term basis, at the same time the pair attempts to gain bullish momentum that might help it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, under the dominance of minor bullish wave on the short-term basis.
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The CADJPY succeeded in providing positive closes above 50%Fibonacci correction level at 106.40, taking advantage of the moving average 55 positivity, to begin forming bullish waves by reaching 107.00.
Stochastic rally to 80 level will increase the chances of gaining the required positive momentum, which makes us prefer more of the bullish attempts, to target extra stations that might begin at 107.50 and 108.05.
The expected trading range for today is between 106.70 and 107.50
Trend forecast: Bullish