The (Brent) price kept rising in its last intraday trading, amid the dominance of the short-term main bullish trend, with its trading alongside supportive trend line for this track, taking advantage of its continued trading above EMA50, reinforcing the chance of extending its gains in the upcoming period. The rise came despite the stability of the relative strength indicators in overbought levels as a clear signal for the dominance of the buying powers on the price movement.
The (USDCHF) price rose in its last intraday trading, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this track, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels that might reduce the upcoming gains.
The (NZDUSD) price declined in its last intraday trading, preparing to break our expected target in our previous analysis at 0,5950 key support, amid the dominance of bearish corrective wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, where the last decline came after offloading its oversold conditions on relative strength indicators, intensifying the negative pressure and opening the way for extending its losses on near-term basis.
The (AUDUSD) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis. The last decline confirmed breaking main bullish trend line on short-term basis, with the emergence of negative signals from relative strength indicators.