Silver price jumped higher in its last intraday trading, breaching the key resistance at $64.60, this resistance represented potential target in our previous analysis, to record new historical levels, supported by its trading above EMA50, which represents a dynamic support that reinforces the stability and strength of the main bullish trend, with its trading alongside minor trend line on the short-term basis, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (USDCHF) price settled on a rise in its last intraday trading, amid fluctuating trading supported by the emergence of positive signals from the relative strength indicators, on the other hand we notice the continuation of the negative pressure due to its trading below EMA50, and under the dominance of steep minor bearish wave on the short-term basis, reducing the chances of the price recovery on the near-term basis.
The (NZDUSD) price settled on a decline with fluctuating trading on its last intraday levels, amid the dominance of bearish corrective wave on the short-term basis, affected by the negative pressure due to its trading below EMA50, noticing the emergence of the negative signals from the relative strength after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressures.
The (AUDUSD) price declined in its last intraday trading, affected by breaking main bullish trend line on a short-term basis, surpassing EMA50’s support, reinforcing the negative pressures, besides the emergence of negative signals on the relative strength indicators, to increase the chances of deepening the losses on the near-term basis.