The (ETHUSD) price is moving in limited range of tight sideways trading on its last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, which helped the price to settle on intraday basis, to notice that the indicators reached exaggerated overbought levels compared to the price move, indicating a quick decline for this bullish momentum.
The (Brent) price witnessed fluctuating trading on its last intraday levels, due to the stability of the current support at $66.95, gaining some bullish momentum that helped it to stop its previous losses, as it reached EMA50’s resistance, affected by breaking main bullish trend on short-term basis, with the emergence of negative signals from relative strength indicators.
The (USDCHF) price settles on losses in its last intraday trading, with the stability of the key resistance at 0.7725, with the emergence of negative signals from relative strength indicators, reaching EMA50’s support, in attempt to gain bullish momentum that might help it to breach this resistance and detect the upcoming track in the upcoming period, affected by breaching main bearish trend line on short-term basis.
The (NZDUSD) price slipped lower in its last intraday trading, in fluctuating move that confirms breaking main bullish trend line on short-term basis, accompanied by surpassing EMA50’s support, which confirms its momentum to extend its corrective losses on near-term basis, especially with the emergence of negative overlapping signals from relative strength indicators after reaching overbought levels.