Forecast update for Brent -17-06-2026

Ethereum (ETHUSD) declined during recent intraday trading, affected by the stability of the key resistance at $1,800, with the emergence of the negative signals from the relative strength indicators, attempting to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, which reinforces the dominance and stability of the bullish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path.

The GBPCAD pair’s price has recently formed several bullish waves, as we notice it is currently positioned above the main ascending channel support extending toward 1.8745. It is attempting to regain the bullish path by achieving some gains, given its current position near 1.8800.

Despite the attempt of natural gas price to form some positive trades, its repeated positioning below the 55-period moving average, which acts as a strong barrier at 3.360$, supports the chances of the bearish path dominating the near-term trading.