The (NZDUSD) declined slightly during its recent intraday trading, as the price took a breather to secure profits from its recent gains. This also seems to be an attempt to ease the clear overbought condition indicated by the Relative Strength Index (RSI), especially with early signs of a bearish overlapping beginning to emerge, which makes the price regain bullish momentum that could help it resume its upside movement.

This comes after breaching the key resistance level of 0.5940 in yesterday’s trading and it remained above it until now, with the full dominance of the main bullish trend on the short-term basis.

The price of (USDCHF) continued its sideways movements during its recent intraday trading, holding above the key support level of 0.8130, in an attempt to determine the next trend.

Although the pair is showing noticeable stability, it continues to suffer from the continuous negative pressure due to trading below EMA50, remaining under the control of the main bearish trend and moving along a short-term minor trend line. This is in addition to the negative signals appearance of the Relative Strength Index (RSI), after reaching overbought areas.

Bitcoin’s price (BTCUSD) declined slightly in its recent intraday trading, to gain positive momentum that could help it rise again. At the same time, it’s trying to ease the clear overbought conditions shown by the Relative Strength Index (RSI) indicators, especially with the early signs of a negative overlapping appearing.

Ethereum’s price (ETHUSD) settles downside in its recent intraday trading, as negative signals appear on the Relative Strength Index (RSI) indicators after reaching highly overbought levels, exaggerated compared to the price movement, creating a negative divergence. This is accompanied by continued negative pressure due to the price trading below EMA50. Additionally, the dominance of the main bearish trend and the price trading along a short-term bearish trend line continue to press on the price.