The (ETHUSD) price fluctuated on its last intraday levels, within limited range of sideways trading, attempting to gain bullish momentum that might help it to recover and rise again, affected by breaching main bearish trend line on the short-term basis, and there is dynamic support that is represented by its trading above EMA50, besides forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels, compared to the price move with the emergence of positive overlapping signals.
The (Brent) price rose in its last intraday trading, affected by its previous exit from bearish corrective channel’s range that limited its trading on the short-term basis, attacking the resistance of $62.95, accompanied by its attempt to surpass the negative pressure of EMA50, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
Silver price settled higher in its last intraday trading, preparing to attack the key resistance level at $54.35, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, noticing the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.
The (USDCHF) price rose in its last intraday trading, as it leans on the support of EMA50, which prevented its decline in the previous period, amid the dominance of bullish wave on the short-term basis and its trading alongside steep trend line, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which may obstruct the chances of sustainable recovery on the near-term basis.