Ethereum price (ETHUSD) is witnessing volatile trading during its latest intraday levels, after previously breaking out of an upward corrective price channel that contained its movements in the short term. Negative and dynamic pressure continues as the price trades below EMA50, which reduces the chances of a near-term recovery, especially with the emergence of negative signals from the relative strength indicators after the price managed to relieve its previous oversold condition.

The (Brent) price extended its strong gains in the beginning of this week trading as appears in the above daily chart, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, besides the emergence of positive signals from relative strength indicators after offloading its overbought conditions previously, opening the way for expanding its gains on the intraday basis.

The (USDCHF) price surged high in its last intraday trading, after learning on EMA50’s support, gaining bullish momentum that helped it to achieve these last gains, especially with the emergence of oversold signals from relative strength indicators, after reaching oversold levels, which support the positive momentum, amid the dominance of the bullish corrective trend on short-term basis.

The (NZDUSD) price began this week trading with bearish price gap in its last intraday levels, to bounce higher in attempt to recover some of its early losses, and it attempts to offload from of its oversold conditions of the  relative strength indicators, especially with the emergence of positive signals from them, amid the continuation of the negative and dynamic pressure the is represented by its trading below EMA50, which supports the dominance of the bearish corrective trend on short-term basis, especially with its trading alongside trend line.