The (ETHUSD) price declined in its last intraday trading, attempting to gain bullish momentum that might help it to reach the key resistance at $2,100, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of bullish corrective wave on short-term basis, besides the emergence of positive signals from relative strength indicators, reinforcing the renewed bullish momentum.
The (Brent) price rose in its last intraday trading, after gathering the gains of its previous rises, and offloading its overbought conditions on relative strength indicators, gaining bullish momentum that helped it to achieve these gains, preparing to attack the main resistance at $80.00, which was an expected target in our previous analysis, with the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend on short-term basis.
The (USDCHF) price settles on strong gains in its last intraday trading, preparing to attack the key resistance at 0.7815, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this track, on the other hand, we notice the emergence of negative overlapping signals on relative strength indicators, after reaching overbought levels, which reduces the upcoming gains.
The (NZDUSD) price declined in its last intraday trading, preparing to break 0.5935, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides the negative dynamic pressure that is represented by its trading below EMA50, which reduces the chances of the price recovery on near-term basis, especially with the emergence of negative signals from relative strength indicators.