Brent crude oil maintained a series of consecutive gains in its latest intraday trading, as the price continues its attempts to challenge the pivotal and stubborn resistance level of $113.00. This is driven by the dominance of the main short-term uptrend, with the price moving alongside a minor trend line supporting this trajectory. Positive pressure also persists as the price trades above EMA50, reinforcing the chances of further gains in the near term.
Thanks for your feedback.
The USDCHF pair maintained a series of consecutive losses in its latest intraday trading, amid continued negative pressure from trading below EMA50. The pair has now reached a key rising trend line support on the short-term basis, gaining some positive momentum that was further reinforced by the emergence of a positive crossover in the relative strength indicators after reaching deeply oversold territory, helping the pair withstand the surrounding negative pressures, at least temporarily.
MoreThe NZDUSD pair rose in its latest intraday trading, driven by positive signals from the relative strength indicators, as it attempts to recover part of its previous losses.
MoreThe AUDUSD pair advanced in its latest intraday trading, as it leans at EMA50’s support. This helped the pair gain positive momentum and achieve these gains. The bullish momentum was reinforced by the emergence of positive signals from the relative strength indicators after reaching oversold territory, restoring the dominance and stability of the short-term bullish corrective trend.
More