The (Brent) price settled on sharp gains during its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis with its trading alongside steep trend line that is represented by its trading above EMA50, noticing the attempts to offload its clear overbought conditions on the relative strength indicators, indicating the price momentum to continue the upside track.

Silver price soared during its last intraday trading, after offloading its overbought conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, opening the way for achieving more of the gains on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor trend line for this trend, besides the continuation of the positive pressure due to its trading above EMA50, to reinforce extending the gains in the upcoming period.

The (USDCHF) price kept declining sharply in its last intraday trading, breaking the key support at 0.7925, amid the dominance of the bearish trend on the short-term basis with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative signals from the relative strength indicators, despite reaching oversold levels.

The (NZDUSD) price jumped higher in its last intraday trading, affected by its exit from bearish corrective channel’s range that limited its previous trading above EMA50, this rise came despite the emergence of negative signals on the relative strength indicators, after reaching overbought levels, indicating the dominance of the buying powers on the pair’s movement.