Silver prices recorded a rise in their latest intraday trading, supported by the emergence of positive overlapping signals from relative strength indicators, in attempt to offload some of the clear oversold conditions.

Despite this rise, the price is facing negative pressure, affected by breaking bullish corrective trend line on short-term basis, besides the continuation of its trading below EMA50, reinforcing the negative pressure and making any near-term recovery attempt vulnerable to a pullback.

Accordingly, our outlook favors a decline in silver price during upcoming intraday trading, if it settles below $86.00 resistance level, targeting the $79.50 support level.

The expected trading range is between $79.50 support and $88.00 resistance.

Today’s forecast: Bearish

Gold prices rose in their recent intraday trading, with the attempt of offloading the clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, providing some bullish momentum and helped it to record some cautious gains.

The negative pressures remain valid due to the continuation of the trading below EMA50, forming an obstacle against its recovery on near-term basis, affected by breaking bullish trend line on short-term basis.

Therefore, we suggest a decline in gold price’s upcoming intraday trading, if $5,200 resistance remains intact, to target $5,000 support level.

The expected trading range is between $5,000 support and $5,200 resistance.

Today’s forecast: Bearish

The (EURUSD) price rose in its latest intraday trading, taking advantage of the key support stability at 1.1565, which represents a potential target in our previous analysis, which provided bullish momentum that helped it to achieve some gains, in order to recover some of its previous losses.

Accompanied by the emergence of positive signals from relative strength indicators, as the price remains facing negative pressure due to the continuation of its trading below EMA50, with the stability of the main bearish trend on short-term basis, reducing the chances of full recovery on near-term basis.

Accordingly, we suggest a decline in EURUSD’s upcoming intraday trading, if it settles below 1.1650 resistance, to target 1.1565 support level.

The expected trading range is between 1.1565 support and 1.1700 resistance.

Today's forecast: Neutral

The (BTCUSD) price declined in its last intraday trading, to gather its previous rises, attempting to gain bullish momentum that might help it recover and rise again, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of bullish corrective wave on short-term basis.