The (ETHUSD) price declined in its last intraday trading, after reaching our last expected target at $3,370, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indictaors, especially with the emergence of negative overlapping signals, to gather its bullish momentum that may help it to breach the resistance, supported by its continuous trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis.
The (Brent) price declined in its last intraday trading, affected by its exit from bullish corrective channel’s range that limited its previous trading on the short-term basis, with the continuation of the negative pressure, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading some of its oversold conditions.
Silver price surged higher in its last intraday trading, reaching $61.50 resistance that represents our previous analysis, amid full dominance for the main bullish trend on the short-term basis, with its trading alongside supportive main and minor trend lines for this track, besides the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which reduces the upcoming gains.
The (USDCHF) price fluctuated in its last intraday trading, amid its attempts to gain bullish momentum that might help it to breach the key resistance at 0.8070, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside supportive minor trend line for this trend, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which supports this fluctuated trading.