Brent oil price slipped lower in its last intraday trading, reaching the key support level at $62.20, this support represents our suggested target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the price recovery on the near-term basis, especially with the dominance of the main bearish trend and its trading alongside trendline, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
Silver price declined in its last trading on the intraday levels, by negative pressure due to its trading below EMA50, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, indicating a relative decline for the bearish momentum, amid the dominance of the main bullish trend and its trading alongside supportive minor trendline for this track, unless it breaks its upcoming trading on the near-term basis.
The USDCHF price declined in its last trading on the intraday basis, due to the stability of the current resistance at0.8065, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to enter exaggerated oversold levels compared to the price move, indicating a quick decline to the bearish momentum, attempting to gain bullish momentum that might help it to breach this resistance, amid its trading alongside minor bullish trend line on the short-term basis.
The NZDUSD price provided negative trades in its last intraday sessions, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on the short-term basis and its trading alongside minor trendline on the short-term basis, besides the emergence of the negative signals on the relative strength indicators.