The NZDUSD pair rose in its latest intraday trading, after it succeeded in breaching the key resistance level at 0.5830 yesterday and stabilized above it. This movement comes amid a dominant bullish trend characterized by a big rising angle, indicating its strength. The pair’s recent rise follows a slight correction from overbought levels on the Relative Strength Index (RSI), to witness the beginning of a positive overlapping signal that supports the bullish scenario for the pair.
The USDCHF pair edged slightly higher in its recent intraday trading, gaining some positive momentum after the stability of the key support level at 0.8150. which makes the price attempt to recover part of the severe losses it suffered in previous sessions, and the main bullish trend remains the dominant with trading along a minor bearish trendline, besides the continuation of the negative pressure due to trading below the EMA50.
MoreThe price of gold rose in its recent intraday trading, as it leaned on the $3,200 support level, which provided some positive momentum and helped it achieve these gains, especially as positive signals began to emerge from the Relative Strength Index (RSI), after reaching areas of excessive overselling compared to the actual price movement. Accompanied by the dominance of the bullish trend on the short -term basis.
MoreThe silver price witnessed a slight decline in its recent intraday trading, amid the attempts to gain positive momentum that could help it recover and rise again. This comes under the influence of the bullish correctional trend on the short-term basis, and its trading alongside the trend line, accompanied by the positive signals from the Relative Strength Index (RSI), despite its stability in an overbought area.
More