Despite the stability of GBPCAD price within the bullish channel’s levels, providing negative momentum by the main indicators and forming sold barrier at 1.8520 level pushes it to form bearish corrective waves, to settle near 1.8380.

The continuation of the negative pressure makes us prefer the dominance of the corrective trend on today’s trading, reaching 1.8300 followed by the support of the bullish channel at 1.8210, while activating the bullish attack requires forming strong bullish wave to settle above the previously mentioned barrier to record new gains that might begin at 1.8590.

The expected trading range for today is between 1.8300 and 1.8435

Trend forecast: Bullish

The (ETHUSD) price declined in its last trading on the intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trendline for this trend, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, indicating the beginning of forming negative divergence.

The (Brent) price settled in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to surpass the support of its EMA50, to reinforce the chances of the price decline on the near-term basis.

Silver price kept rising in its last intraday trading, surpassing the resistance of its EMA50, getting rid of its negative pressure amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains of the price.