The (ETHUSD) price declined slightly in its last intraday trading, after reaching EMA50’s resistance, putting it under negative pressure, which intensifies with the dominance of the main bearish trend on short-term basis. This decline came after offloading its oversold conditions on relative strength indicators, entering exaggerated overbought levels compared to the price move, indicating a quick fading in the bullish momentum.
The (Brent) price settles on gains in its last intraday trading, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, taking advantage of the positive pressure due to its trading above EMA50, reinforcing the chances of extending its intraday gains, especially with the emergence of positive signals from relative strength indicators, despite reaching overbought levels.
The (USDCHF) price settles on sharp losses in its last intraday trading, affected by breaking bullish corrective trend line on short-term basis, which makes the main bearish trend dominant, especially with the dynamic negative pressure that is represented by its trading below EMA50, which intensifies the negative pressures around the price, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.
The (NZDUSD) price declined in its last intraday trading, in attempt to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains, besides offloading some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, affected by breaching bearish corrective trend line on short-term basis, announcing its recovery and a return to the main bullish trend dominance, besides a dynamic support that is represented by its trading above EMA50, reinforcing the chances of its rise.