The (ETHUSD) price rose in its last intraday trading, attacking the critical resistance at $4,500, which represents our suggested target in our previous analysis, supported by its continuous trading above EMA50, with its trading alongside minor bullish trend on the short-term basis that supports the bullish movement, despite the negative signals that come from the (RSI), after reaching overbought levels, to offload some of this conditions despite the price rise, indicating the strength of the trend and its dominance.
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The (Brent) price kept declining in its last intraday trading, to break the current support level at $66.00, amid the dominance of the main bearish trend and its trading alongside supportive minor bias lines on the short-term basis for this trend, besides the continuation of the negative pressure that comes from its trading below EMA50, accompanied by the emergence of the negative signals on the (RSI), despite reaching oversold levels.
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The (silver) price settled high in its last intraday trading, after reaching our last suggested target at $42.10 resistance, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals from them, amid the continuation of the positive pressure that comes from its trading above EMA50, forming dynamic support that keeps the stability of the main bullish track on the short-term basis, with its trading alongside bias line.
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The (USDCHF) price rose in its last intraday trading, due to the stability of the support level at 0.7950, which represents our target in our previous forecast, gaining bullish momentum that helped it to recover some of the previous losses, and attempting to offload its clear overbought conditions on the (RSI), especially with the emergence of positive overlapping signals from there, amid the dominance of the bearish trend on the short-term basis, and its trading below EMA50, reinforcing the negative pressure on the pair.
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