The (Brent) price rose in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, after offloading its overbought levels in its previous trading, on the other hand, the bearish trend remains dominant on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the recovery in the upcoming period.
Silver price declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, to gather its positive strength that may help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside trend line, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.
The (USDCHF) price slipped lower in its last intraday trading, breaking negative technical formation on the short-term basis (the head and shoulders pattern), accompanied by surpassing the support of its EMA50, intensifying the importance of this break to detect the upcoming trend on the near sessions, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, intensifying the negative pressures.
The (NZDUSD) price surged high in its last intraday trading, taking advantage of breaching 0.5690 resistance level previously, amid the dominance of bullish corrective wave, indicating the strength of this track and its stability on the near-term basis, especially with the continuation of the positive pressure due to its trading above EMA50, with the emergence of positive signals on the relative strength indicators, despite its stability in overbought levels.