The (Brent) price declined in its last intraday trading, gathering the gains of its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators, with the emergence of negative overlapping signals, to gather its positive strength that might help it to recover and rise again, amid the dominance of strong minor bullish wave, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances for the price recovery in the upcoming period.
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The (silver) price settled lower in its last intraday trading, attempting to gather its previous rises, and looking for a higher low to take it as a base that might help it to gain the required positive momentum on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the dynamic pressure due to its trading above EMA50, reinforcing the chances for the price recovery, especially with the full dominance of the main bullish trend on the short-term basis and its trading alongside trend line.
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The (USDCHF) price rose slightly in its last intraday trading, due to the stability of the support at 0.7915, gaining some positive momentum with the emergence of the positive signals on the relative strength indicators, but the price still under continued negative pressure due to its trading below EMA50, under the dominance of the main bearish trend, and its trading alongside minor trendline on the short-term basis that supports this trend.
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The (NZDUSD) price rose in its last intraday trading, supported by the positive signals that come from the relative strength indicators, after offloading its overbought conditions in its previous trading, on the other hand, the pair remains under negative pressure due to its trading below EMA50, and under the dominance of minor bearish wave on the short-term basis, affected by breaking bullish trend line.
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