The EURUSD pair declined during its latest intraday trading session, as negative pressure continues to build from trading below its EMA50, which is reinforcing the bearish pressure already driven by the dominant short-term downtrend. The pair is also moving along a minor bearish trendline that continues to support this downward path.

On the other hand, Relative Strength Indicators started to show positive signals, helping the pair remain resilient in the face of these negative pressures.

Silver prices remained under pressure during their latest intraday trading session, holding near lower levels as the dominant short-term bearish trend continues to prevail. Price action remains aligned with a downward-sloping trendline that supports this bearish trajectory.

Additional downside pressure is coming from trading below EMA50, which limits the potential for strong bullish rebounds in the near term. However, relative strength indicators began to show a positive crossover after reaching deeply oversold territory, helping silver stabilize and relieve some of the selling pressure.

Gold keeps declining in recent intraday sessions to break$4,200 support, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, besides the continuation of the negative signals emergence from the relative strength indicators, despite reaching oversold levels, as a signals for the strength of the dominance selling powers on the price.

The AUDCAD confirmed its surrender to the dominance of the bearish corrective trend by its stability below the resistance at 0.9980, forming several bearish corrective waves and approaching the initial target at 0.9775.

We will depend of forming extra barrier at 0.9855 level, note that the continuation of providing negative momentum by stochastic will provide a chance to gather more gains by forming new bearish corrective waves, to target 0.9745 level reaching 0.9685 support.

The expected trading range for today is between 0.9745 and 0.9820

Trend forecast: Bearish