Silver price rose on its last intraday trading, after offloading its overbought levels on the relative strength indicators, reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals from there, which suggest achieving more of the gains in the upcoming period, amid the continuation of the dynmaic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside minor supportive trend line for this trend.
The (USDCHF) price settles with cautious gains in its last intraday trading, after offloading some previous losses, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move.
The (NZDUSD) price slipped lower in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, leaning on EMA50’s support, in attempt to gain bullish momentum that may help it recover and rise again, amid the dominance of the main bullish trend on the short-term basis, besides reaching clear oversold levels by the relative strength indicators.
The (AUDUSD) price settled lower in its last intraday trading, due to the stability of the solid resistance at 0.6670, leaning on bullish trend line on the short-term basis, accompanied by its leaning in the support of EMA50, reinforcing the chances of gaining the required bullish momentum to breach this resistance, especially with the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels.