The (Brent) price declined in its last trading on the intraday basis, due to the stability of the resistance at $63.80, this resistance represents our expected target in our previous analysis, supported by the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, amid the dominance of strong bullish corrective wave on the short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of rising on the near-term basis.
Silver price declined in its last trading on the intraday levels, to gather the gains of its previous rises, attempting to offload some of its clear overbought on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to resume the gains and record new all-time highs, 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, especially with its trading alongside trend line.
The (USDCHF) price rose in its last intraday trading, due to the stability of the key support at 0.7955, which provided bullish momentum that intensified with the emergence of positive signals from the relative strength indicators, after reaching oversold levels, which helped it to achieve these gains, amid the dominance of the bullish corrective trend on short-term basis with its trading alongside supportive trendline for this trend, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of reinforcing the gains on the near-term basis.
The (NZDUSD) price extended its gains in its last intraday trading, breaching bearish corrective trendline on the short-term basis, gaining more bullish momentum that helped it to achieve more gains to surpass the resistance of EMA50, surpassing its next pressure and reinforced the chances of the gains continuation on the near-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains.