The (Gold) price declined in its last intraday trading, after its continuous attempts to gain positive momentum that might help it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances for the price recovery on a near-term basis.
This comes amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line, with the emerging of the positive signals on the relative strength indicators, increasing the possibilities for the return of the rise in the upcoming period.
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The (EURUSD) settled low in its last intraday trading, attempting to recover some of its previous losses, at the same time it attempts to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, which may provide the required momentum for the recovery.
This comes amid the dominance of the bearish correction trend on the short-term basis, and its trading alongside supportive trend line for this track, accompanied by the continuation of the negative pressure that comes from its stability below EMA50, intensifying the negative pressure around the pair and limits the chances of its recovery on the near-term basis.
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The (BTCUSD) price declined in its last intraday trading, reaching our morning suggested target at $110,000 support, by continuous negative pressure that comes from its trading below EMA50, and under the dominance of minor bearish wave on the short-term basis with its trading alongside supportive trend line for the track, on the other hand, we notice the emergence of the positive overlapping signals on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses temporarily.
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The (crude oil) rose strongly in its last intraday trading, erasing all its early losses for today, after offloading its clear overbought conditions on the relative strength indicators, opening the way for achieving more of the gains on the near-term basis, amid the dominance of bullish correction wave on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50.
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