The (ETHUSD) price declined in its last intraday trading, preparing to break the critical support at $4,100, amid the dominance of the bearish correction trend on a short-term basis, affected by breaking main bullish trendline, with the continuation of the negative pressure due to its trading below EMA50, after offloading its clear oversold conditions on the relative strength indicators.
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The (Brent) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which caused the failure if the previous recovery attempts, noticing the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, opening the way for recording more of the losses on the near-term basis.
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The (silver) price declined in its last intraday trading, after reaching our expected target at $44.05 resistance, attempting to gather the gains of its previous rises, gaining bullish momentum that might help it to breach this resistance, and attempting to offload some of the clear overbought conditions, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line.
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The (USDCHF) price rose in its last intraday trading, due to the stability of the current support at 0.7915, gaining some positive momentum to recover some of its previous losses, and attempts to offload its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals from them, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis.
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