USDCHF gathers its positive strength -Analysis-15-05-2025

The silver price declined in its recent intraday trading, affected by negative pressure due to its trading below its EMA50, with the emergence of the negative signals on the (RSI), despite reaching oversold levels, to extend the dominant sideways trend on the short-term basis, to move in its way to support these sideways levels.

Brent crude oil declined sharply in its recent intraday trading, in attempt to look for a rising bottom to take it as a base that might assist it to gain the required positive momentum to recover, affected by the emergence of the negative signals on the (RSI), despite reaching oversold levels, leaning on the key support level now at $64.40, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.

Ethereum price (ETHUSD) declined in its recent intraday trading, attempting to look for a rising bottom to take it as a base for gaining the required positive momentum to recover and rise again, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive pressure due to its trading above its EMA50, beside the beginning of positive overlapping signals appearance on the (RSI), after reaching oversold levels.