Silver declined in its latest intraday trading, after forming negative divergence on the relative strength indicators, followed reaching overbought levels, exaggeratedly compared to the price move and the emergence of the negative signals from them, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that prevents the full recovery in the near period.

Gold declined in its last trading on the intraday basis, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressures on the price, especially with the dominance of the main bearish trend on the short-term basis, with the trading alongside supportive trend line for this path.

The EURUSD pair settles with gains in its last intraday trading, with the beginning of positive overlapping signals appearing on the relative strength indicators, providing bullish momentum that helps the price to settle against the negative pressures that are represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis.

The CHFJPY formed some bullish corrective trading, to retest the resistance at 200.50, forming bearish waves, to settle near 199.70 level, confirming the stability of the previously suggested bearish scenario.

the stability of the moving average 55 below the previously mentioned resistance will confirm the price confinement within the bearish track, to keep waiting for forming new bearish waves, to target 199.10 level, then to attempt to break 198.80 barrier to ease the mission of targeting more negative stations in the upcoming period.

The expected trading range for today is between 198.80 and 200.00

Trend forecast: Bearish