The (silver) price declined in its last intraday trading, amid the continuation of the dynamic resistance that is represented by its trading below its EMA50, which prevents its rise in the last period, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels, to break a minor bullish trend line on the short-term basis, reinforcing the negative scenario.
The (USDCHF) price continued to decline in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside a bias line, besides the emergence of negative overlapping signals on the (RSI), after reaching oversold levels, which might assist the price to settle temporarily due to its neediness to offload some of this oversold conditions.
The (NZDUSD) price settled low in its last intraday trading, however it remains stable at the stubborn critical resistance at 0.6075, to confirm breaching this resistance, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the beginning of negative overlapping signals’ appearance on the (RSI), after reaching overbought levels but it is less that the price move, which provides signals for forming a negative divergence that might affect the pair’s movement negatively.
The (AUDUSD) price settled low in its last intraday trading, gathering the gains of its previous rises, and attempting to gain bullish momentum that assists it to rise again by offloading its clear overbought conditions on the (RSI), amid the dominance of the main bullish trend on the short-term basis, supported by its continuous trading above its EMA50.