The (Brent) price settled in its last intraday trading, to gather the gains of its last rises, and attempting to gain a positive momentum that might assist it to rise in a new bullish wave, especially with the continuation of the positive support that comes from its trading above the EMA50, and under the dominance of the bullish trend on the short-term basis alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels that might decelerate the upcoming gains.
The (silver) price rose in its last intraday trading, after it succeeded to reach our target at $36.25, supported by its continuous trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, this last rise came after offloading the overbought conditions on the (RSI) in the previous trading, providing larger space for achieving more of the rises.
The (USDCHF) price declined in its last intraday trading, after testing a minor bearish bias line on the short-term basis, accompanied by its reach to the resistance of its EMA50, affected by the extra negative pressure, which forced it to decline, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels.
The (NZDUSD) price rose in its last intraday trading, to settle above the critical resistance at 0.6025, reinforcing the bullish scenario with the continuation of the positive pressure that comes from its trading above its EMA50, besides the beginning of forming a positive divergence of the (RSI), after reaching exaggerated oversold levels, with the beginning of the positive signals appearance, all that comes amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.