Silver rose during recent intraday trading, to retest the key resistance at $73.60, accompanied by testing minor bearish trend line on the short-term basis, intensifying the importance of this level in detecting the upcoming trend in the upcoming near period, amid the continuation of the negative pressure due to its trading below EMA50, with the relative strength indicators entering exaggerated overbought levels compared to the price move.

Gold witnessed strong gains in its recent intraday trading, supported by the emergence of positive signals from the relative strength indicators, to test minor bearish trend line on the short-term basis, with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, indicating a quick lose for the positive momentum, especially with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances of a full recovery on the near-term basis.

The EURUSD pair rose in its recent intraday trading, affected by forming positive divergence on the relative strength indicators, with the emergence of the positive signals from them, attacking the initial resistance level at 1.1690, despite these strong gains, it remains moving within bearish corrective channel’s range that limits its previous trading on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which forms a pressure that limits its gains in the upcoming period.

The GBPCAD surrendered to the bearish corrective bias dominance by providing several negative closes below the broken bullish channel’s support at 1.8590, suffering some losses by its stability near 1.8425.

Facing negative pressures will push it to form new bearish waves, to expect reaching 1.8325, where breaking the barrier might extend the losses directly towards 1.8270 and 1.8210 directly.

The expected trading range for today is between 1.8270 and 1.8470

Trend forecast: Bearish