The (Brent) price rose slightly in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gain bullish momentum that might help it to recover and rise again, especially with its leaning on EMA50’s support, which reinforces the bullish scenario, amid the dominance of the main bullish trend on short-term basis.
Silver price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels previously, to attempt to gain bullish momentum that might help it to recover and record new all-time highs, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.
The (USDCHF) price witnessed fluctuating moves on its last intraday levels, attempting to recover some of its previous losses, and attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep minor bearish wave on short-term basis, which put it under negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.
The (AUDUSD) price fluctuated in its last intraday trading, in attempt to gain bullish momentum that might help it to breach 0.6750 key resistance, and it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this track.