Silver price declined in its last intraday trading, with the continuation of the key resistance stability at $58.80, with the emergence of the negative strength indicators after reaching overbought levels, attempting to gain bullish momentum that may help it to breach this resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the dominance and stability of the main bullish trend on the short-term basis.
The (USDCHF) price declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid its trading alongside minor bullish trend line on the short-term basis, and there is positive support from EMA50, which reinforces the chances of the price recovery on the near-term basis.
The (NZDUSD) price rose in its last intraday trading, supported by its continued trading above EMA50, and dominance of minor bullish corrective wave on the short-term basis, indicating the strength of this trend and its stability of the near-term basis, especially with the emergence of the positive signals on the relative strength indicators, after offloading some of its overbought conditions.
The (AUDUSD) price has stabilized on a rise in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside steep trend line, supported by its continuous trading above EMA50, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which might decelerate the upside track of the price in its upcoming trading.