Silver prices declined during their latest intraday trading, due to the stability of $60.00 resistance, to attempt to breach this resistance, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability of the dominance bullish corrective wave on the short-term trading.

Gold prices witnesses mixed trading during their latest intraday trading, attempting to gain bullish momentum that might help it to breach the resistance of $4,100, benefiting from the positive support that comes from its trading above EMA50, amid the dominance of the bullish corrective trend on the short-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, to begin offloading some of its overbought conditions.

The EURUSD pair declined in its last intraday trading, affected by reaching EMA50’s resistance, forcing it to rebound lower, especially with the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels, with the beginning of negative overlapping signals’ emergence, affected by breaking bullish corrective trend line on the short-term basis.

The AUDCAD price remains stable until this moment above the extra support at 0.9725, to confirm the continuation of the previously suggested bullish scenario, reaching 0.9855.

The moving average 55 is stable near the mentioned support to confirm the trading confinement within the bullish trend, which makes us prefer more bullish attempts, which might target 0.9910 level, to press on the top of 0.9950 to find an exit for recording new gains in the upcoming period.

The expected trading range for today is between 0.9790 and 0.9910

Trend forecast: Bullish