The (ETHUSD) price kept moving in limited tight trading range in its last intraday trading, the sideways range dominates the overall trend amid the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, we notice the beginning of positive overlapping signals on the (RSI), after the price success in offloading its overbought conditions, which make the price confused when looking for the upcoming trend.
The (Brent) price declined in its last intraday trading, gathering the gains of its previous rises, and attempts to gain positive momentum that might assist it to recover and rise again, in the same time it attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, this comes amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.
The (silver) price has slipped low in its last intraday trading, amid the continuation of the negative pressure due to its trading below its EMA50, and under the dominance of sharp bearish correctional wave and its affection by breaking a minor bullish bias on the short-term basis, to break our target at the support of $35.90, reinforcing the chances for recording more of the losses, despite the stability of the (RSI) indicators in oversold levels, which might decrease the sharp losses temporarily.
The (USDCHF) price rose in its last intraday trading, after retesting the main bearish trend line that was broken yesterday, accompanied by its lean on the support of Its EMA50, increasing the gained positive momentum, especially with the reach of the (RSI) to exaggerated oversold levels after its success in offloading its overbought condition that was clear previously.