The (ETHUSD) price rose in its last intraday trading, due to the stability of the key support at $2,900, which represents expected target in our previous analysis, attempting to recover some of its previous losses, attempting to offload some clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the dynamic pressure due to its trading below EMA50, with the dominance of steep minor bearish wave on short-term basis.
The (Brent) price settles on gains in its last intraday trading, after recovering some previous losses, and it managed to offload its clear oversold conditions on relative strength indicators, reaching the resistance of EMA50, reducing its last gains amid the dominance of bearish corrective wave on short-term basis, that threatens the stability of the intraday gains, which makes it vulnerable to any potential rebound.
The (USDCHF) price declined as we expected in our previous analysis, amid the continuation of negative pressure due to its previous trading on short-term basis, intensifying the negative pressure amid the dominance of the main bearish trend and the dominance of steep minor wave on short-term basis, on the other hand, the price is rising slightly on its last intraday levels, attempting to offload some clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals.
The (NZDUSD) price declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions from the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to recover and rise again, amid the continuation of the positive support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.