The price of (Silver) rose in its last intraday trading, supported by its continuous trading above its EMA50, which represents dynamic support that kept its positive move in the last period, amid the dominance of the main bullish trend on the short-term basis, noticing the return of the positive signals on the (RSI), after it succeeded to offload its overbought conditions that was clear previously.
The price of (Gold) rose trading in its last intraday trading, after its early decline which targets offloading overbought conditions, and that happened as we notice that it reached oversold levels, opening the way for achieving more of the gains, and it succeeded in gaining a positive momentum that assisted it to keep the bullish trend on the short-term basis, amid its trading alongside a bias line, taking advantage from the dynamic support that is represented by its trading above the EMA50.
The price of (EURUSD) settled on a rise in its recent intraday levels, to settle again above the critical resistance level a t1.1550, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of the main bullish trend and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the positive trend for the pair.
The CADCHF repeated providing negative closes below the extra barrier at 0.6010 level, to increase the chances of resuming the bearish attack, we notice stochastic decline to 50 level, which increases the chances for gathering the negative momentum, to expect reaching 0.5900 followed by the next target at 0.5780.
While stepping above the mentioned barrier might force the price to delay the negative attack temporarily and provides chances for recover some of the losses by its rally to 0.6060 and 0.6110, before reaching any on the suggested negative targets.
The expected trading range for today is between 0.5900 and 0.6000
Trend forecast: Bearish