Ethereum (ETHUSD) extended its gains during recent intraday trading, breaching $2,325 resistance level, supported by its continued trading above EMA50, besides the emergence of positive signals from the relative strength indicators, despite reaching overbought levels, this comes amid the dominance of the main bullish trend on short-term basis with the trading alongside supportive trend line for this path.
Brent crude oil settles with a decline in recent intraday trading, amid the attempts of looking for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the recovery in the upcoming near period, especially with the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels.
The (USDCHF) settles high in its recent intraday trading, due to the stability of the key support at 0.7780, which represented an expected target in our previous analysis, which provided bullish momentum that helped it to achieve these gains to recover previous losses.
At the same time it attempts to offload the oversold conditions on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend and reduces the chances of full recovery on near-term basis.
The (NZDUSD) rose in recent intraday trading, preparing to attack the key stubborn resistance at 0.5920, which was an expected target in our previous analysis, amid the dominance of the bullish trend on short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, noticing the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gain in the upcoming period.