The price of (silver) declined in its last intraday trading, after recording new historical levels, to attempt to gather to gather its previous rises, to gain bullish momentum to help it recover and rise again, to offload its overbought conditions on the relative strength indicators, with the emergence of the negative signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.

The price of (Gold) declined in its recent intraday trading, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to look for higher low to help it gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive main and minor trend lines for this trend.

The price of (EURUSD) rose in its last intraday trading, affected by its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, besides the emergence of positive signals on the relative strength indicators, after reaching oversold levels previously.

The AUDCAD confirmed the continuation of the bullish track by providing positive closes above the support level at 0.9110, taking advantage of the stability of moving average 55 below it, to form a new bullish rally to settle near 0.9180.

Note that stochastic stability within the overbought level will open the way towards providing new bullish trading, to rally towards 0.9220 then attempts to press again on the barrier at 0.9255 to find an exit to record new gains in the upcoming period.

The expected trading range for today is between 0.9130 and 0.9220

Trend forecast: Bullish