The (Brent) price rose in its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this trend, besides the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of the negative signals from the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains.
Silver price rise in its last intraday trading, after its attempts to look for rising low to take it as a base to help it gain the required bullish momentum for its return to rise, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this track, besides the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.
The (USDCHF) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, amid the dominance of the main bearish trend on the short-term basis, with the emergence of negative signals from relative strength indicators, after reaching overbought levels.
The (NZDUSD) price rose in its last intraday trading, due to its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, after its attempts in its previous moves to look for rising low to take it as a base to help it rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the beginning of the positive signals emergence from the relative strength indicators, after reaching oversold levels.