The (Brent) price declined on its last intraday trading, with the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of negative signals, testing steep minor bearish trend line on the short-term basis, indicating its dominance which intensifies with its trading below EMA50.

Silver price witnessed fluctuated trading in its last intraday levels, attempting to gain bullish momentum that might help it to resume its strong gains, and offloading its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from relative strength indicators, 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 the short-term basis, especially with its trading alongside trend line.

The (USDCHF) price settled on a decline in its last intraday trading, affected by the stability of the key resistance at 0.7975, to keep its trading within sideways range trading, which will detect the upcoming trend when it exit this zone, amid the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

The (NZDUSD) price declined in its last intraday trading, after surpassing its EMA50’s support, increasing the negative pressure on the price and reinforcing the dominance of the bearish corrective trend on the short-term basis.

These pressures increase with the emergence of negative signals on the relative strength indicators after reaching overbought levels, indicating a decline in the bullish momentum to open the way for more intraday decline, if the price fails to regain the trading above the moving average.