The (ETHUSD) price rose in its last intraday trading, to recover some of its previous losses, amid the dominance of the main bearish trend due to its trading below EMA50, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price’s sustainable recovery on near-term basis, especially with the beginning of forming negative divergence on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals.

The (Brent) price declined in its last intraday trading, attempting to look for higher low to use it as a base for gaining the required bullish momentum for its recovery, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this track, with the relative strength indicators’ reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence, leaning on EMA50’s support, which reinforces the chances of the price recovery on near-term basis.

The (USDCHF) price witnessed fluctuating trading on its last intraday levels, due to the stability of 0.7750 support, gaining some bullish momentum that helped it to offload its clear oversold conditions on relative strength indicators, amid the dominance of the main bearish trend on short-term basis, with its trading alongside minor supportive trend line, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis.

The (NZDUSD) price declined in its last intraday trading, after reaching our expected target at 0.5995 resistance, to gather the gains of its previous rises, attempting to look for higher low to take it as a base to help it gain the required bullish momentum for its recovery, besides offloading its overbought conditions on relative strength indicators, amid full dominance for main bullish trend on short-term basis, with its trading alongside steep trend line that indicates the dominance of this trend.