Silver declined in its latest intraday trading, affected by the stability of the stubborn resistance at $59.75, attempting to gain bullish momentum that might help it to breach this resistance, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, noticing that the relative strength indicators prepare to create a bullish divergence that might reinforce the chances of a near term recovery, after reaching oversold level, exaggeratedly compared to the price move.

Gold kept declining in its last intraday trading, attempting to look for a higher low to help it gain the required bullish momentum for its recovery and rising again, especially with the relative strength indicators’ reaching oversold levels, exaggeratedly compared to the price action, to indicate forming positive divergence that might accelerate the recovery in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of bullish corrective wave on the short-term basis.

The EURUSD pair declined in its last intraday trading, due to the stability of the key resistance level at 1.1430, accompanied by reaching EMA50’s resistance, intensifying the negative pressure on the price, which forced it to rebound lower to erase all its early gains for today, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, opening the way for recording losses in the near upcoming period.

The CADCHF formed several bullish waves, attempting to exit the main bearish channel by surpassing 0.5752 level, to face a strong barrier at 05785.

Note that stochastic attempt to reach the overbought level might increase the positive pressures on the current trading, where breaching the current barrier and holding above it is important to open the way for reaching extra positive station, which might begin at 0.5845 and 0.5890.

The expected trading range for today is between 0.5755 and 0.5840

Trend forecast: Bullish