The (Brent) price declined slightly in its last intraday trading, with the emergence of negative signals from relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, by looking for higher low to take it as a base to help it, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.
Silver price declined in its last intraday trading, to gather the gains of its previous rises, and attempts to gain bullish momentum that might help it to recover new all-time highs on near-term basis, as it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on a short-term basis.
The (USDCHF) price witnessed fluctuating moves on its last intraday levels, affected by breaking bullish corrective trend line on a short-term basis, and there is dynamic negative pressure that is represented by its trading below EMA50, intensifying the negative pressures. The price attempts to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there.
The (NZDUSD) price kept rising in its last intraday trading, breaching the key resistance at 0.5800, which was an expected target in our previous analysis, benefiting from the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on a short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.