The (Brent) price declined in its last intraday trading, after offloading big part of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the bearish trend on the short-term basis and its trading alongside trend line, accompanied by the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels exaggeratedly compared to the price move, to indicate forming negative divergence.

Silver price continued the rise in its last intraday trading, breaching the current resistance at $61.50, supported by its continued trading above EMA50, forming dynamic support that keeps the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside trend line, besides the emergence of positive signals on the relative strength indicators, after offloading its overbought levels, opening the way for achieving more of the gains on the near-term basis.

The (USDCHF) price slipped lower in its last intraday trading, surpassing the EMA50’s support, putting it under negative pressure, which led it to break main bullish trend line on the short-term basis, intensifying the negative pressures, especially with the emergence of the negative signals on the relative strength from the relative strength indicators, despite reaching oversold levels.

The (NZDUSD) price surged higher in its last intraday trading, breaching the key resistance at 0.5800, which represents our expected target in our previous analysis, amid the continuation of the positive pressure due to its trading above EMA50, representing dynamic support that keeps the renewed bullish momentum, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, amid the dominance of the main bullish trend on the short-term basis.