The (Brent) price declined in its last intraday trading, with the emergence of negative signals from relative strength indicators, surpassing EMA50’s support to put it under negative pressure on near-term basis, approaching from leaning on the bullish trendline’s support on short-term basis, in a last attempt to gain bullish momentum that might help it to recover and rise again.
The (USDCHF) price continued its sideways trading on its last intraday levels, in attempt to gain bullish momentum that might help it to recover and rise again, with the dominance of bullish corrective wave on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on near-term basis, especially with the beginning of forming positive divergence on relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals from there.
The (NZDUSD) price declined in its last intraday trading, as it reached EMA50’s resistance, putting it under negative pressure, especially with testing bearish corrective trendline on short-term basis, besides forming negative divergence pf relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals from there.
The (AUDUSD) price extended its strong gains in its last intraday trading, after its success in surpassing the negative pressure of EMA50, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, on the other hand, we notice the emergence of negative overlapping signals from the relative strength indicators, which might reduce the upcoming gains unless it keep its near support levels.