The (ETHUSD) price witnessed strong gains on its last intraday levels, due to the stability of $1,800 key support, gaining bullish momentum that helped it to achieve these gains, to recover some of its previous losses, to reach EMA50’s resistance, which threatens these intraday bullish rebounds especially with the relative strength indicators reaching exaggerated overbought levels compared to the price move, indicating a gradual fading in the bullish momentum.

The (Brent) price moves in sideways range on its last intraday levels, attempting to gain bullish momentum that might help it to recover and resume its gains again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, besides the emergence of positive overlapping signals on relative strength indicators, after reaching oversold levels.

The (USDCHF) price declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, leaning on bullish corrective trend line on short-term basis, accompanied by its leaning on EMA50’s support, reinforcing the strength of this level as a key support that will detect the upcoming trend on near-term basis.

The (NZDUSD) price rose on its last intraday levels, supported by the emergence of positive signals from relative strength indicators, reaching exaggerated overbought levels compared to the price move, indicating a quick decline in the bullish momentum, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near term basis.