Silver price decline in its last intraday trading, gathering bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trend lines that support the stability and dominance of this track on the near-term basis.

The (USDCHF) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence, indicating a quick fading to the bullish momentum, especially with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, with its trading within bearish corrective channel’s range on the short-term basis.

The (NZDUSD) price declined in its last intraday trading, after reaching 0.5750 resistance, which represents our expected target in our previous analysis, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that may help it to breach this resistance, amid the dominance of strong bullish corrective wave on the short-term basis.

The (AUDUSD) price rose in its last intraday trading, with the emergence of overbought conditions, amid the dominance of steep bullish corrective wave on the short-term basis, indicating the dominance of this track, especially with dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price’s recovery.