(ETHUSD) witnessed fluctuating trading in its latest intraday trading, keeping its gains and benefiting from surpassing the resistance of its EMA50, which provided dynamic support base that reinforces the price ability to extend these gains in the near period.

On the other hand, we notice the beginning of negative signals appearance from the relative strength indicators, after reaching overbought levels, reducing the chances of recovery, especially with the dominance of the main bearish trend on the short-term basis.

Brent crude oil moves with limited sideways range in its recent intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery in the near upcoming period, especially with the dominance of the main bearish trend on the short-term basis, with the emergence of the negative signals from the relative strength indicators, intensifying the negative pressure on the price.

The USDCHF pair fluctuated in its last intraday trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, which helps it to settle at EMA50’s support, with the dominance of the main bullish trend on the short-term basis. Noticing that the relative strength indicators enter exaggerated oversold levels compared to the price move, indicating a beginning of forming positive divergence, especially with the emergence of positive overlapping signals that reinforce the chances of a near term recovery.

(NZDUSD) rose slightly in its recent intraday trading, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, which helps it to settle above EMA50, providing dynamic support that might help the pair extend its gains in the near upcoming period.

On the other hand, the pair remains under the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path and reduces the chances of this recovery.