The (Brent) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators after reaching oversold levels, attempting to offload these conditions and recovering some of its previous losses, amid the dominance of the bearish trend 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.
Silver price fluctuated on its last intraday levels, gathering the gains of its previous rises, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, gathering its positive strength that may help it to resume its gains on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trend line that supports the stability of this track.
The (USDCHF) price settles with sharp losses in its last intraday trading, the price reached the key support at 0.7925, which represents our last expected targets, helping it to gain some bullish momentum that helped it to bounce higher, to recover some of previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals.
The (NZDUSD) price witnessed fluctuated trading on its last intraday levels, despite this weak performance remains stable above the key resistance at 0.5800, to confirm breaching this resistance and reinforcing the chances of resuming the gains on the near-term basis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which reduced the last gains.