The (silver) price continued its rise in its last intraday trading, to reach its highest level since 2011, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, which might decelerate the upcoming gains temporarily.
The (USDCHF) price settled high in a calm trading on the intraday levels, attempting to gather its positive strength, which might assist it to breach the critical resistance at 0.7985, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line, besides the beginning of the negative signals emergence on the (RSI), after reaching exaggerated oversold levels.
The (NZDUSD) price kept declining in its last intraday trading, amid the dominance of the bearish trend on a short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels.
The (AUDUSD) price declined in its last intraday trading, due to the stability of the key resistance at 0.6590, to gather the gains of its previous rises, attempting to gather a positive momentum that might assist it to breach this resistance in the future, and it attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.