The price of (silver) settles on sharp losses in its last intraday trading, surpassing EMA50’s support, putting it under negative pressure, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of positive divergence that might push the price for some cautious bullish rebound.

The price of gold experienced fluctuated moves in its last intraday trading, leaning on $5,000 main support, gaining bullish momentum especially with the price’s stability on EMA50’ support, which intensified the bullish momentum that helped it to rebound higher, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, reaching oversold levels by the relative strength indicators, exaggeratedly compared to the price move.

The price of EURUSD rose in its last intraday trading, due to the stability of 1.1900 support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending its gains on the near-term basis.

The CADCHF’s price begins forming sideways waves, taking advantage of forming a new support base at 0.5595 level, to reduce the effect of the negative scenario on the trading this period, activating with stochastic positivity by its rally towards 0.5680.

The stability above the extra support will reinforce the chances of gathering bullish momentum, to expect forming bullish corrective waves, to target 0.5710 level, then pressing on the next barrier at 0.5780, while its decline below the current support and providing negative close will force it to suffer new losses by reaching 0.5510 initially.

The expected trading range for today is between 0.5630 and 0.5710

Trend forecast: Bullish