The (silver) price surged in its last intraday trading, affected by its trading besides main bullish trend line on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, intensifying the positive momentum around the price, especially with the emergence of the positive signals on the relative strength indicators.
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The (USDCHF) price declined on its last intraday levels, due to its reach to the resistance of its EMA50, intensifying the negative pressure that accompanied by testing minor bearish trend line on the short-term basis, after witnessing strong bullish move in its trading yesterday, supported by the emergency of the positive signals on the relative strength indicators, until reaching overbought levels, to begin offloading some of the overbought conditions.
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The (NZDUSD) price witnessed slight gains in its last intraday trading, in quick attempt to recover some sharp losses yesterday, attempting to offload some of the oversold levels on the relative strength indicators, especially with the emergence of positive signals from them, amid the dominance of minor bearish wave, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances for the price recovery in its intraday trading, after reaching 0.5880 level that represents our last expected target.
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The (AUDUSD) price rose in its last trading on its intraday basis, attempting to recover its previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of bearish correctional wave on the intraday basis, indicating the volume of the negative momentum, especially that there is negative pressure due to its trading below EMA50,reinforcing the chances of deepening its losses in the upcoming period.
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