The (silver) price rose in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading minor trendline for this track, with the continuation of the positive pressure due to its trading above EMA50, after reaching overbought levels, to suggest forming negative divergence, which might push the price to witness correctional rebounds that target gathering gains and offloading this overbought conditions.
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The (USDCHF) price continued its decline in its last intraday trading, amid the trading alongside bullish correctional trend on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis, attempting to decline to look for higher low to take it as a base that might help it to gain the required bullish momentum for rising again, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price movement, to suggest the beginning of forming positive divergence, intensifying the bullish momentum.
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The (NZDUSD) price rose in its last intraday trading, attempting to recover some of its previous losses amid the dominance of the main bearish trend on the short-term basis, and its trading below EMA50, intensifying the negative pressures, especially with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price movement, which suggest forming negative divergence.
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The (AUDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to offload this oversold levels, recovering some of its previous losses, amid the dominance of the bearish correctional trading on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances for the pair’s recovery on the near term basis.
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