The (ETHUSD) price settles on strong gains in its last intraday trading, after surpassing EMA50’s resistance, to get rid of its negative pressure, reinforcing the chances of extending its gains on short-term basis, under the dominance of bullish corrective waves on short-term basis, with the emergence of positive signals from relative strength indicators, despite reaching overbought levels.
The (Brent) price kept rising in its last intraday trading, breaching the key resistance at $66.00, which represented potential target in our previous analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, with its trading alongside minor bullish trend line on short-term basis, besides the emerging of positive signals from relative strength indicators, despite reaching overbought levels.
The (USDCHF) price rose in its last intraday trading, after breaking 0.7680 support, which represented an expected target in our previous analysis, attempting to recover some of its previous losses and offloading some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the main bearish trend on short-term basis, with the dominance of steep minor wave.
The (NZDUSD) price declined in its last intraday trading, after the stability of the current resistance at 0.6025, which represents an expected target in our previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains on near-term basis, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, amid its trading alongside minor bullish trend line on short-term basis.