The (AUDUSD) has risen slightly in its recent intraday trading, after witnessing a day of heavy fluctuations yesterday, amidst a dominant and strong bearish wave on the short-term. The negative pressure continues due to its trading below the EMA50. Accompanied by the negative signals that have returned on the Relative Strength Index (RSI) after the price successfully offloaded its oversold condition in previous trading.
The (NZDUSD) has risen in its recent intraday trading, attempting to recover some of the losses it previously incurred, amidst the dominance of the short-term bearish trend. Negative pressure continues due to its trading below the EMA50. Additionally, we notice the emergence of positive signals once again after the price successfully offloaded its oversold condition.
The USDCHF pair’s price has declined in its recent intraday trading, amidst the dominance of the short-term bearish trend and trading along a descending trendline. Negative signals have begun to emerge from the Relative Strength Index (RSI), indicating the potential formation of negative divergence, which could intensify the bearish pressure on the pair, especially with its continued trading below the EMA50.
Gold price has advanced in its recent intraday trading, supported by positive signals from (RSI), in an attempt to recover some of the previous losses. This upward movement has led to a retest of the key psychological resistance level at $3,000.
However, this movement remains confined within a short-term corrective downward wave, especially after the previous break of the upward trendline, along with continued negative pressure from trading below the EMA50.