The (Brent) price kept declining in its last trading on the intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance of steep minor bearish wave on the short-term basis, reaching $60.00 key support, this support represents potential target in our last analysis, with the emergence of negative signals on the relative strength indicators, despite reaching oversold levels, which intensifies the chances of breaking this support.
Silver price declined in its last trading on the intraday basis, attempting to gain bullish momentum that may help it to breach the near historical resistance at $64.60, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from there, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive main and minor trend lines for this trend.
The (USDCHF) price declined in its last trading on the intraday levels, due to the stability of the current resistance at 0.7975, amid steep minor bearish wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, on the other hand, we notice the emergence of positive signals on relative strength indicators, after offloading its overbought conditions, which makes us witness fluctuating moves in the upcoming period.
The (NZDUSD) price continued the decline in its last intraday trading, amid the dominance of steep bearish corrective wave on the intraday basis, surpassing the support of its EMA50, intensifying the negative pressures around the price, especially with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions, opening the way for targeting new support levels on the near-term basis.