Silver keeps its recent gains after recovering part of its previous losses. However, the price remains under pressure while trading below the EMA50, reinforcing the dominant short-term downtrend.

A bearish divergence is also beginning to form on the relative strength indicators after reaching overbought levels, with negative signals emerging and increasing the likelihood of renewed downside pressure.

Gold is fluctuating in recent intraday sessions as a bearish divergence begins to form on the relative strength indicators after reaching heavily overbought levels. Negative signals are emerging, adding pressure to the price.

The short-term trend remains bearish, supported by a descending trendline, while trading below the EMA50 continues to limit recovery prospects.

The EURUSD pair rose in recent intraday trading, supported by positive signals from the relative strength indicators. However, these indicators remain in heavily overbought territory, suggesting that bullish momentum may weaken soon.

Recent gains are still exposed to a bearish reversal, especially as the pair continues trading below the EMA50, reinforcing the prevailing short-term bearish trend.

The CHFJPY suffered strong bearish pressures, which forced it to form several bearish waves, reaching the initial main support at 200.40, to settle above it.

The current support forms confirmation key for the expected trend in the near and medium term trading, the stability above it will open the way for gathering positive momentum to begin targeting some bullish stations by its rally towards 210.55 reaching 212.20, while reaching below the support and providing negative close will confirm its move to a new negative phase, forcing it to suffer more losses by targeting 199.90 reaching 199.10 level.

The expected trading range for today is between 200.40 and 201.55

Trend forecast: Bullish