The (ETHUSD) price settled low in its last intraday trading, after breaking the key support at $4,150, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of bearish correctional wave on the short-term basis and its trading alongside a bias line that reinforces the stability of this track, especially with the emergence of the negative signal on the (RSI), after it succeeded in offloading its oversold conditions in its previous trading, opening the way for recording more of the losses.
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The (Brent) price declined in its last intraday trading, after it attempted to offload some of its clear oversold conditions on the (RSI), especially with the emergence of the positive signals, amid the continuation of the negative pressure due to its trading below EMA50, and under the main bearish trend and its trading alongside a minor supportive bias line, reinforcing the negative pressure around the price.
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The (silver) price continued the decline in its last intraday trading, affected by the dominance of minor bearish wave, while it moves alongside a support bias line, indicating the strength of the dominant pressure on the trading, resuming its trading below EMA50, intensifying the strength of the bearish trend.
At the same time, the negative signals come from the (RSI), despite reaching sharp oversold levels, opening the way for limited rebounding attempts on an intraday basis, but the overall technical image remains suggesting more of the downside moves unless it manages to breach critical resistance levels that turns some of the positive momentum back.
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The (USDCHF) price rose in its last intraday trading, after getting rid of the negative pressure of the EMA50, gaining positive momentum that helped it to achieve the strong gains, to attack its current resistance at 0.8090, amid the dominance of the main bullish trend and its trading alongside a minor supportive bias line for this trend, with the emergence of the positive signals on the (RSI), intensifying the positive momentum on the near-term basis.
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