The (Brent) price declined in its last intraday trading, to witness fluctuating trading to use it to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather the bullish momentum that might help the price to rise again, amid the dominance of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery in the upcoming period.
Silver price surged high in its last intraday trading, to breach the historical resistance level at $81.00, this resistance represents our expected targe in our previous analysis, approaching from recording new all-time highs, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the strength and stability of the main bullish trend on the short-term basis, especially with its trading alongside trendline, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.
The (USDCHF) price witnessed clear decline in its last intraday trading, with the emergence of the negative signals from the relative strength indictaors, after reaching overbought levels, to attempt to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this trend, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the recovery chances on the near-term basis.
The (NZDUSD) price rose in its last intraday trading, due to the stability of 0.5710 support, which represents our expected target in our previous analysis, attempting to recover some previous losses, and attempts to offload its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there, this comes amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of bearish corrective wave on the short-term basis, with its trading alongside supportive trend line for this trend.