The (Brent) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, with the beginning of negative overlapping signals on the (RSI), after the price success in offloading its oversold conditions previously, to lean on the support of a main bullish trend line on the short-term basis as a last attempt to gain bullish momentum that might help it to recover and rise again.
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The (silver) price rose in its last intraday trading, preparing to attack the critical resistance level at $39.10, after it’s success in offloading some of its clear overbought conditions on the (RSI), opening the way for achieving more of the gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, supported by its continuous trading above its EMA50, representing a dynamic support that assists the stability of the bullish trend.
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The (USDCHF) price settled low in its last intraday trading, by continuous negative pressure due to its trading below EMA50, to lean on the support of bullish correctional trend line on the short-term basis, as a last chance for gaining positive momentum that might assist it to recover and rise again, especially with the emergence of positive overlapping signals on the (RSI), after reaching oversold levels.
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The (NZDUSD) price settled low in its last intraday trading, as it reached the resistance of EMA50 previously, accompanied by testing a bearish trend line on the short-term basis, intensifying the negative pressure on the price and led to a decline, especially after the price success in offloading its clear oversold conditions on the (RSI), and the negative signals return, which reinforces the negative scenario in the futuristic trading.
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