The (Brent) price fluctuated in its last intraday trading, with negative pressure due to its trading below EMA50, with the dominance of steep bearish wave, on the other hand, the price is leaning on the support line of a minor bullish trend on the short-term basis, with the emergence of positive signals from relative strength indicators, after reaching oversold levels, to offload some of these oversold conditions, indicating a quick decline on the bullish momentum.
The (USDCHF) price declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, affected by breaching minor bearish trend line on short-term basis, taking advantage of its trading above EMA50, forming a dynamic support that reinforces the recovery on the near-term basis.
The (NZDUSD) price rose in its last trading on intraday levels, after getting positive support by its leaning on EMA50, which helped it to achieve these gains to recover, amid the dominance of the main bullish trend on the short-term basis, with the beginning of forming positive divergence on relative strength indicators, after reaching oversold conditions, exaggeratedly compared to the price move, with the emergence of positive signals from there.
The (AUDUSD) price rose in its last intraday trading, due to is leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this path, noticing the emergence of positive signals from relative strength indicators, after reaching oversold levels.