Ethereum (ETHUSD) declined slightly during its recent intraday trading, amid negative signals from the relative strength indicators after reaching heavily overbought levels. The price is seeking to form a rising base that could help it regain the positive momentum needed for recovery, while the main short-term uptrend remains intact. Support from trading above EMA50 continues to strengthen the chances of a near-term rebound.

Brent crude oil settled with consecutive intraday gains, supported by positive signals from the relative strength indicators after they reached heavily oversold levels. This allowed the price to recover part of its previous losses, despite being affected earlier by a short-term ascending trendline breakout and negative pressure from trading below EMA50, which limits the chances of a full recovery in the near term.

The (USDCHF) settled with a series of intraday gains, attempting to recover part of its previous losses. The pair also managed to ease its oversold condition in the relative strength indicators, which are now showing positive signals, despite the continuing negative pressure from trading below EMA50, following an earlier breakout of a short-term bullish trend line that marked the start of a corrective bearish wave.

The (NZDUSD) declined slightly in recent intraday trading after previously pulling back from the key resistance level at 0.5855, which had been our price target in earlier analysis. The pair used this pullback to ease its overbought condition in the relative strength indicators, with the emergence of negative signals, while taking profits and regaining positive momentum that could help it break above this resistance, amid the impact of a short-term bearish trendline breakout.