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Brent crude oil attempts to gain positive momentum - Analysis- 31-03-2026

Economies.com
2026-03-31 02:54AM UTC

Brent crude oil declined slightly during recent intraday trading, amid negative signals from the relative strength indicators. The price is attempting to build positive momentum that could help it recover and resume upward movement. This comes while trading remains above EMA50, providing dynamic support and reinforcing the short-term bullish trend, with prices moving alongside a supportive trendline. Additionally, the relative strength indicators entered deeply oversold levels relative to price, suggesting a potential rebound.

 

 

The USDCHF attempts to build positive momentum - Analysis-31-03-2026

Economies.com
2026-03-31 02:49AM UTC

The USDCHF pair declined slightly during recent intraday trading, affected by the firmness of the 0.7990 resistance level. The relative strength indicators moved from previously overbought levels into deeply oversold territory relative to price action, signaling a potential buildup of positive momentum that could help the pair break above this resistance.

 

The main short-term bullish trend remains intact, supported by trading along a minor trendline that reinforces this bullish path.

NZDUSD price shows cautious gains -Analysis-31-03-2026

Economies.com
2026-03-31 02:46AM UTC

The NZDUSD pair rose during recent intraday trading, supported by positive signals from the relative strength indicators after reaching deeply oversold levels. The pair also benefited from the firmness of the 0.5700 support level, which had previously been identified as a price target, allowing it to recover part of its earlier losses.

 

Despite this rebound, downside pressure remains in place as the pair continues to trade below EMA50, reinforcing the dominance of the main short-term bearish trend.

The AUDUSD attempts to recover losses - Analysis-31-03-2026

Economies.com
2026-03-31 02:42AM UTC

The AUDUSD pair rose during recent intraday trading, supported by the firmness of the 0.6850 level, as it attempts to recover part of its previous losses. At the same time, the pair is working to ease its oversold conditions on the relative strength indicators, with the emergence of positive signals.

 

Despite this rebound, the broader technical outlook remains negative. The main short-term downtrend continues to dominate, alongside ongoing pressure from trading below EMA50, which reinforces negative pressure.