The price of (ETHUSD) rose in its recent intraday trading, driven by the stability of the important support level at $1,700. This provided the price with some positive momentum that helped it achieve these gains, as it attempts to get rid of the negative pressure from the 50-period simple moving average. This comes especially with the beginning of positive signals emerging from the Relative Strength Indicators, after the price succeeded in easing its overbought conditions, giving it greater ability to extend these gains in the near term.

Brent crude oil declined during recent intraday trading, after forming negative divergence by the relative strength indicators, after reaching exaggerated overbought levels compared to the price action, with the emergence of the negative signals from them, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery in the near upcoming period, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.

The (USDCHF) maintains its gains during its recent intraday trading, attempting to breach 0.8075 resistance, which was our previous expected target. This comes as the pair is supported by the dominance of the main bullish trend in the short term, along with continuous dynamic support resulting from trading above its EMA50. Meanwhile, the relative strength indicators are showing the beginning of a positive crossover after the pair succeeded in easing its overbought conditions, giving it greater ability to extend these gains in the near term.

The (NZDUSD) declined in its recent intraday trading, with a negative crossover beginning to appear on the Relative Strength Indicators after the pair succeeded in easing its oversold conditions. This opens the way for the price to deepen its losses in the near term, amid continued negative pressure resulting from trading below EMA50, which reinforces the stability and dominance of the main bearish trend in the short term. The pair is also moving along a trend line that strengthens this bearish path.