The (Brent) price declined in its last trading on the intraday basis, with dynamic negative pressure that is represented by its trading below EMA50, which led to break bullish corrective trend line on the short-term basis, intensifying the negative pressures around the price, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which might reduce the losses in the upcoming period.
The (USDJPY) rose in its last intraday trading, preparing to attack the solid resistance at 156.95, taking advantage of the dynamic support that is represented by its trading above EMA50, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor trend line that reinforces this trend, besides the emergence of positive signals from the relative strength indicators, which intensifies the chances of the rise on the near-term basis.
Silver price witnessed fluctuated trading on its last intraday levels, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to gather its positive strength that might help it to resume its gains on near-term basis, amid the continuation of the positive support due to its trading above EMA50, which reinforces the strength and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend.
The (USDCHF) price declined slightly in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this track, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of resuming the gains on the near-term basis.