The (silver) price surged on its last intraday levels, to reach our last expected target at $47.50, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside main and minor trendlines, reinforcing the stability of this trend.
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The (USDCHF) price declined in its last intraday trading, with negative pressure due to its trading below EMA50, leaning in the support of bullish corrective trendline on the short-term basis, as a last chance for the price to gain the required positive momentum to recover and rise, amid the dominance of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price movement, to indicate forming a positive divergence.
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The (NZDUSD) price managed to recover its early losses and turned it into gains on its last intraday levels, amid the dominance of bullish corrective wave on the short-term basis and its trading alongside trendline, with the continuation of its trading above EMA50, reinforcing the positive pressure around the price, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The (AUDUSD) price rose in its last intraday trading, due to its leaning on the support of its EMA50, gaining bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the relative strength indicators, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trendline.
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