The (NZDUSD) price declined in its recent intraday trading, deepening its previous losses amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
The pair suffers from a negative technical formation on the short-term basis, which is the double top pattern, that opens the way for extending the bearish correctional trend.
The (USDCHF) price declined in its recent intraday trading, affected by the stability of the resistance level at 0.8445, representing 50%Fibonacci correction level for the last bearish wave on the short- term basis (from 0.8854 to 0.8039).
Moresilver price settled in its recent intraday trading, retesting the critical resistance level at $32.70, this level represents the border line between the positive and negative scenario, but the negative scenario is supported by reaching the resistance of EMA50, and the price trading alongside a bearish bias line on the short-term basis, on the other hand, we notice the emergence of the positive signals on the (RSI).
MoreBrent crude oil price declined in its recent intraday trading, gathering the gains of its recent rises, and attempting to gain positive momentum that might assist it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, on the other hand, we notice the emergence of the negative signals on the (RSI), but it entered exaggerated oversold levels compared to the price move.
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