The (ETHUSD) price rose in its last intraday trading, to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside minor trendline on the short-term basis that supports this track, accompanied by the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
The (Brent) price surged high in its last intraday trading, surpassing the resistance of its EMA50, getting rid of its negative pressure to open the way for achieving more gains in the upcoming period, especially with the emergence of the positive signals on the relative strength indicators, providing chances for the stability of the bullish corrective trend on the short-term basis.
Silver price jumped higher in its last intraday trading, preparing to reach the key resistance at $54.40, amid the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis that supports this track, besides the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence, which intensifies the bullish momentum.
The (USDCHF) price settled with sharp losses in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, leaning on the key support at 0.7925 which represents our expected target in our previous analysis, accompanied by the emergence of negative signals on the relative strength indicators, despite reaching oversold levels.