The (Brent) price settled low in its last intraday levels, leaning on the support of its EMA50, accompanied by its lean on minor bullish bias line on the short-term basis, as an attempt to gain a positive momentum that might assist it to recover and rise again, especially with the appearance of positive overlapping signals on the (RSI), after reaching oversold levels, which suggest the beginning of forming positive divergence, which will intensify the positive momentum.
The (silver) price extended its gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, getting ready to reach the stubborn and critical resistance level at $17.30, on the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, which might decelerate the rise temporarily.
The (USDCHF) price settled high in its last intraday trading, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support that is represented by its trading above EMA50, preparing to reach the critical resistance level at 0.7985, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which makes us witness some negative rebounds as an attempt to offload this overbought condition.
The (NZDUSD) price declined in its last intraday trading, affected by reaching the resistance of its EMA50, which forced it to bounce lower, especially with the beginning of the negative signals appearance on the (RSI), after reaching overbought levels, which suggest forming a negative divergence, intensifying the negative pressure on the price, amid the dominance of the bearish correctional trend.