The (Brent) price continued the decline in its last intraday trading, after exiting minor bullish channel’s range that limited its previous trading on the short-term basis, accompanied by surpassing the support of its EMA50, ending the hopes of the recovery in the upcoming period, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might reduce its upcoming losses temporarily.

Silver price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis, preparing to attack $58.80 key resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.

The (USDCHF) price declined in its last intraday trading, due to the stability of the key resistance at 0.8070, this resistance represents expected target in our previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that may help it to breach the resistance, and attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, with the positive support due to its trading above EMA50, reinforcing the chances of the rise, especially with the dominance of the main bullish trend on the short-term basis.

The (NZDUSD) price rose in its last intraday trading, taking advantage of the continued positive pressure that comes from its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis, besides the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, indicating the beginning of forming positive divergence that intensifies the chances of the rise on the near-term basis.