The (Brent) price settled with cautious rise in its last intraday trading, in an attempt to recover some of its previous losses, and attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis.
Silver price declined in its last intraday trading, due to the stability of the resistance at $52.00, this resistance was our expected target in our previous analysis, to attempt to gain bullish momentum that might help it breach this resistance, and attempts to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to surpass the support of its EMA50, which may reduce the chances of the price recover in the upcoming period, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis.
The (USDCHF) price kept rising in its last intraday trading, reaching 0.8065 resistance, amid the dominance of steep minor bullish wave, indicating the dominance of this track and its strength, amid the continuation of the dynamic support that is represented in its trading above EMA50, with the emergence of the relative strength indicators, despite reaching overbought levels.
The (NZDUSD) price declined in its last intraday trading, after breaking the key support at 0.5610, which represents our expected target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend and its trading alongside minor trendline on the short-term basis, on the other hand, we notice the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.