The (Brent) price declined sharply in its last trading on the intraday basis, after reaching our last target at $66.00 resistance, to gather its previous rises attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, with the dominance of the main bullish trend on the short-term basis.
Silver price slipped lower in its last intraday trading, after the stability of $92.35 resistance, which represents expected target in our previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload its overbought conditions on the relative strength indicators, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery, especially with its trading alongside main bullish trend line on the short-term basis.
The (USDCHF) price fluctuated on its last intraday levels, attempting to gain bullish momentum that might help it to rise and attack the stubborn resistance at 0.8015, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trendline, besides the continuation of the positive pressure due to its trading above EMA50, noticing the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels.
The (NZDUSD) price declined in its last intraday trading, amid the dominance of the bearish corrective trend and the trading with channel range on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of a recovery on the near-term basis, especially with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for more downside moves.