(ETHUSD) kept declining in its latest intraday trading, to break a main bullish trend line on the short-term basis, accompanied by surpassing EMA50’s support, intensifying the likelihood of deepening these losses in the near upcoming period, especially with the emergence of positive signals from the relative strength indicators, after reaching oversold levels, which did not affect the price action, indicating the dominance of the selling powers.

Brent crude oil declined in its recent intraday trading, with the dominance of the bullish trend on the short-term basis with its trading alongside steep trend line that indicates the strength and dominance of this trend, especially with a continued dynamic support due to its trading above EMA50, to gather the gains of its previous rises, to attempt to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, to gather its bullish momentum that might help it recover and rise again. 

The USDCHF pair witnessed fluctuated trading on its last intraday levels, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it resume its strong gains in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the chances of resuming these gains, especially with its trading alongside minor bullish trend line on the short-term basis.

(NZDUSD) rose slightly during its latest intraday trading, attempting to recover part of its previous losses while also trying to offload its clearly oversold conditions on the relative strength indicators, especially as positive signals have begun to emerge.

This comes amid the dominance of a steep and strong short-term bearish wave, with continued negative pressure due to trading below EMA50, which acts as dynamic resistance and limits the chances of a full recovery in the near term.