Crude oil declined in its recent intraday trading, affected by the stability of the current resistance at $56.40 after reaching it, accompanied by testing the resistance of steep minor bearish trend on the short-term basis, which intensified the strength of the selling pressure and lost its bullish momentum.
This negative pressure reinforces by the continuation of the trading below EMA50, besides forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of new negative signals that might limit any recovery attempts on a near-term basis.
The positive fluctuating remains dominant on gold price in its recent intraday trading, and the main bullish trend remains dominant on the short-term basis, with its trading alongside supportive minor trend line for this trend, indicating the stability of the bullish trend.
This scenario reinforces the continuation of the dynamic support that comes from its trading above EMA50, besides the emergence of positive signals on the relative strength indicators, despite reaching overbought levels, which might limit the upside track temporarily without changing the overall positive overview on the short-term basis.
The (EURUSD) price declined slightly in its last intraday trading, attempting to gain bullish momentum that might help resume its gains without disrupting the dominant bullish trend in the current session.
The dynamic support that represents its trading above EMA50 keeps reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this track, accompanied by the emergence of positive signals on relative strength indicators, which supports the chances of the price return to rise in the upcoming period.
The (BTCUSD) price jumped higher in its last intraday trading, breaching minor bearish channel on the short-term basis, supported by the emergence of the positive signals on the relative strength indicators after offloading its overbought conditions, opening the way for achieving more of the gains on the near-term basis, opening the way for achieving more gains on the near term basis, hitting the resistance of its EMA50, attempting to surpass its negative pressure.