Brent crude oil gets ready to break a key support -Analysis-23-05-2025

The (silver) price declined in its last intraday trading, attempting to gain bullish momentum that might assist it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support that is represented by its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

The (USDCHF) price declined in its last intraday trading, due to the stability of the key resistance level at 0.8290, amid the continuation of the negative pressure that comes from its trading below EMA50, with the formation of a negative divergence on the (RSI), after reaching exaggerated overbought levels compared by the price current move, with the beginning of the negative signal emergence, this comes amid its affection by getting out of a bullish correctional channel's range that was limiting its previous trading on the short-term basis.

The (NZDUSD) price rose in its last intraday trading, due to its lean on the support level at 0.5900, accompanied by its leaning on a minor bullish bias line on the short-term basis, which increased the positive momentum of the price to begin forming a positive divergence on the (RSI), after reaching oversold levels, exaggeratedly compared by the price movement.