The (Brent) price settles on losses in its last intraday trading, with the emergence of negative signals from relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive support that comes from its trading above EMA50, intensifying the recovery chances on near-term basis.
Silver price surged higher in its last intraday trading, attacking the key resistance at $93.00, preparing to record new all-time highs, benefiting from positive signals from relative strength indicators, after reaching exaggerated oversold levels compared to the price move, amid the dominance of the main bullish trend on short-term basis, with the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the gains in the upcoming period.
The (USDCHF) price slipped lower in its last intraday trading, due to the stability of 0.8040 resistance, attempting to look for a higher low to use it as a base to help it gain the required bullish momentum for its recovery, to lean on EMA50’s support, accompanied by testing bullish corrective trend line on short-term basis, intensifying the strength of this area as a key support that will effect the upcoming track, with the emergence of positive signals from relative strength indicators, after reaching oversold levels.
The (NZDUSD) price surged high in its last intraday trading, surpassing the top of bearish corrective channel that limited its previous trading on short-term basis, accompanied by surpassing EMA50’s resistance, intensifying the importance of this rise to change the track in a near-term basis if it manages to keep it, especially after offloading its overbought conditions on relative strength indicators, especially with the emergence of positive overlapping signals from there.