The (ETHUSD) price rose in its last intraday trading, due to the stability of the critical support at $3,720, which represents our expected target in our previous analysis, gaining bullish momentum that helped it to achieve these gains, aimed to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, and the price is attempting to recover some of the previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of the price’s sustainable recovery on the short-term basis.
The (Brent) price decline in its last intraday trading, amid the continuous attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on the short-term basis, and there is dynamic support due to its trading above EMA50, reinforcing the chances of he price rise in the upcoming period, if the price manages to keep the near support.
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Silver price settled higher in its last intraday trading, after a series of consecutive gains, the price successfully breached bearish corrective trendline, leading it to surpass the resistance of its EMA50, to get rid of its negative pressure, on the other hand, this rise led the relative strength indicators to reach overbought levels, which may obstruct the continuation of these gains on the near-term basis, especially with the emergence of negative overlapping signals.
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The (USDCHF) price declined in its last intraday trading, due to the stability of the stubborn resistance at 0.8010, attempting to gain the required bullish momentum to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside supportive trendline for this track, besides the emergence of the bullish signals on the relative strength indicators after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.
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