Silver price kept rising in its last intraday trading, surpassing the resistance of its EMA50, getting rid of its negative pressure amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators after reaching overbought levels, which might reduce the upcoming gains of the price.
The (USDCHF) price extended its gains in its last intraday trading, affected by breaching bearish trend line on the short-term basis, to surpass the resistance of its EMA50, surpassing the negative pressure, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (NZDUSD) price slipped lower in its last intraday trading, to break the support of bullish corrective channel’s support that limited its previous trading on the short-term basis, accompanied by surpassing the support of its EMA50, intensifying the negative pressure on the pair, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
The (AUDUSD) price declined in its last intraday trading, affected by hitting the resistance of its EMA50, which put it under the dominance of steep minor bearish wave with its trading alongside trend line, besides the emergence of the negative signals on the relative strength indicators, after offloading its oversold levels, intensifying the negative pressure on the pair.