The (Brent) price settled low in its last intraday levels, due to the stability of the resistance level at $68.70, supported by its continuous trading above its EMA50, and under a minor bullish channel’s wave on the intraday levels, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the price gains temporarily.
The (silver) price settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, beside the emergence of the positive signals on the (RSI), despite reaching overbought levels.
The (USDCHF) price declined in its last intraday trading, due to the stability of the current resistance level at 0.7985, attempting to gain a positive momentum that might assist it to breach this resistance, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the positive pressure that comes from its trading above EMA50, and under the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line.
The (NZDUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, attempting to recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of bearish correctional wave on the short-term basis and its trading alongside a bias line.