The USDCHF declined sharply in its last intraday trading, surpassing the critical support at 0.8130, waiting for a close below it to confirm breaking this support that still forming a base for the price for the last week’s trading.
This decline comes within the domination of the main bearish trend and its trading alongside the minor bearish trend line, with the negative signals of the (RSI), despite it reaching the oversold levels, and the price suffers its continuous trading below EMA50.
Gold price rose its recent intraday trading, recording new historical highs, to reach our target at $3,375, to begin attempting to breach it, supported by a clear positive momentum on the (RSI), affected by a strong bullish trend with its trading alongside a sharp minor trend line on the short-term basis.
These moves come within a strong bullish trend supported by several indicators, the most important is the trading above EMA50, which reinforces the chances for the continuation of the upside track.
Silver price settled on a rise in its recent trading on the intraday trading, supported by the dominance of the bullish correctional trend on the short term basis, and the trading alongside bullish trend, as a signal for the strength of this trend, beside the positive signals that come from(RSI), despite reaching overbought levels, which makes the price get ready in its last rise to reach the current resistance level at $32.90, and the positive pressure continues due to its trading above EMA50.
crude oil declined in its recent trading on the intraday levels, to gain the profits of its previous rises, attempting to look for a higher bottom to be abase that support it to gain the required positive momentum to its recovery, as it attempts also to offload some of the overbought conditions that appear on the (RSI) indicators, especially that there are negative signals come from them.
This decline comes amid the effect of a formed positive technical pattern in the last bearish wave on the short- term basis, which is inverted head and shoulders pattern, supported by its trading above EMA50.