The (Brent) price declined on its last intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to offload this overbought condition, gaining bullish momentum that might assist it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, besides the price affection by positive technical formation on the short-term basis, which is represented by the double bottom pattern.
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The (silver) price rose in its last trading on its intraday levels, after it succeeded in offloading its overbought conditions that were clear on the (RSI), with the emergence of positive overlapping signals, which opens the way for achieving more of the gains on the near-term basis, amid the dominance of the positive pressure that comes from its trading above EMA50 reinforces the positive momentum.
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The (USDCHF) price declined in fluctuated trading on its last intraday levels, due to its reach to the resistance of the EMA50, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, this comes amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside supportive bias line for this negative track.
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The (NZDUSD) price settled with a decline in its last trading on its intraday trading, due to the stability of the key resistance level at 0.5855, which forced it to decline with the continuation of the negative pressure that comes from its trading below EMA50, and under the domination of the main bearish trend and its trading alongside a minor bias line on the short-term basis, besides the emergence of the negative signals on the (RSI), despite reaching the oversold levels.
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