Silver price surged high in its last intraday trading, breaching the key resistance at $54.35, recording series of new all-time highs, which led to breach the next key resistance at $55.80,this resistance represents our target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor and main trend lines for this trend, with the emergence of the positive signals in the relative strength indicators, despite reaching overbought levels.
The (USDCHF) price rose in its last intraday trading, due to the stability of the key support at 0.8035, gaining some bullish momentum that helped recover some previous losses, amid the continuation of the negative pressure due to its trading below EMA50, with its trading within bearish corrective channel’s range that limited its previous trading on the short-term basis, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
The (NZDUSD) price declined in its last intraday trading, attempting to gather the gains of its previous rises, to gather its bullish strength to rise, amid the dominance of steep bullish corrective wave, indicating the strength and dominance of this trend, especially with the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators.
The (AUDUSD) price declined amid fluctuated trading, due to the stability of the current resistance at 0.6550, which represents our expected target in our previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that may help it breach this resistance, amid the dominance of strong corrective wave on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of negative signals on the relative strength indicators after reaching overbought levels, which may obstruct the chances of the upside movement on the intraday basis.