The (ETHUSD) price declined in its last intraday trading, due to the continuation of the negative pressure that comes from its trading below EMA50, forming a dynamic resistance that prevent the recovery on the near term basis, amid the dominance of the bearish correctional dominance on the short-term basis, and its trading alongside a supportive bias line for the trend, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
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The (Brent) price rose in its last intraday trading, due to the stability of the critical support level at $67.50, providing positive momentum that assisted it to achieve these gains, with the emergence of the positive signals on the (RSI), after reaching oversold levels.
This performance comes amid the price’s affection by breaking bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, forming dynamic resistance that prevents any recovery attempt on the near-term basis.
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The (silver) price settled with sharp gains in its last intraday trading, reaching the current resistance level at $37.90, taking advantage of surpassing the negative pressure of the EMA50, supported by the emergence of the positive signals on the (RSI), despite reaching overbought level, amid the price affection by breaching bearish correctional line on the short-term basis, reinforcing the stability of the positive scenario.
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The (USDCHF) price rose slightly in its last intraday trading, due to its lean on minor bullish correctional trend line on the short-term basis, accompanied by its lean on the support of its EMA50, providing positive momentum that assisted it to achieve these gains, especially with the (RSI) reach to oversold levels, reinforcing the chances for the recovery on the near-term basis.
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