The (Brent) price reinforced its limited gains in its last intraday trading, taking advantage of its trading alongside bullish corrective trend line on the short-term basis, getting bullish momentum by leaning on EMA50’s support, which reinforces the chances of extending these gains on the near-term basis, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.
Silver price witnessed fluctuating trading on its last intraday levels, recording new all-time highs, to bounce lower amid the emergence of the negative signals on the relative strength indicators after reaching overbought levels, to gather more positive momentum that might help it to target new historical resistance levels, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis with its trading alongside trend line that reinforces the stability of this track.
The (USDCHF) price rose slightly in fluctuating trading on its last intraday levels, amid its attempts to correct the main bearish trend, with its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on the short-term basis, besides the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
The (NZDUSD) price witnessed fluctuating trading on its last intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, besides the emergence of the positive signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.