The (Brent) price settled high in its last intraday levels, affected by the stability of the critical support level at $66.50, providing bullish momentum if it remains stable, amid the dominance of bearish correctional wave on the short- term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the appearance of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared to the price move.
The (silver) price rose in its last intraday trading, due to its lean on the support of minor bullish trend line on the short-term basis, providing bullish momentum to attempt to surpass the negative pressure of EMA50, this rise came after the (RSI) reached exaggerated oversold levels compared to the price move, opening the way for achieving more of the gains.
The (USDCHF) price settled with slight gains in its last intraday trading, after reaching our target yesterday at 0.7895, gaining bullish momentum that assisted it to bounce in attempt to recover some of its previous losses, and it succeeded to offload its clear oversold conditions on the (RSI), to enter exaggerated overbought levels compared by the pair’s move, with the beginning of negative overlapping signals appearance, this comes amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line.
The (NZDUSD) price rose in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the dynamic support that is represented in its trading above EMA50, after it succeeded to offload its overbought conditions on the (RSI) previously, with the beginning of positive overlapping signals appearance, opening the way for achieving more of the gains.