The price of (Gold) slipped lower in its recent intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces any recovery chance on the near-term basis, amid the dominance of bearish corrective wave on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions previously, opening the way towards recording more losses.
The price of (EURUSD) kept declining in its last intraday trading, affected by breaking main bullish trend line on the short-term basis, with a dynamic negative pressure that is represented by its trading below EMA50, intensifying the possibilities of more downside moves on the short-term basis, especially with the emergence of the negative signals on the relative strength indicators.
MoreCHFJPY recorded several gains in the last period, taking advantage of its stability within the bullish channel levels and forming key extra support at 195.90 level, which forces it to form some bearish corrective waves by reaching 197.35.
MoreThe EURJPY pair began activating with the main indicators’ positivity, to end the bearish corrective attempts after hitting 183.40 level, which represents an extension for the main bullish channel’s support.
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