Crude oil settles with sudden strong gains in its recent intraday trading, taking advantage of the positive signals on the relative strength indicators, which helped it to recover big part of its previous losses and stabilize. This temporary positive momentum shows the attempts of the price to regain some strength despite the surrounding pressures.
The negative pressures remain valid, due to the continuation of the trading below EMA50, which limits the chances of full recovery on the short-term basis, especially with the dominance of the main bearish trend on the short-term trading, and the trading alongside trend line confirms this bearish track.
Gold achieved strong gains in its recent intraday trading, heading towards attacking the key resistance at $4,245, which represents previously suggested potential target in our analysis. This rise came after surpassing the negative pressure that came from EMA50, to regain the bullish trend clearly.
The relative strength begins showing positive signals after its exit from oversold levels, compared to the price move, reinforcing the continuation of the recovery, accompanied by the dominance of the main bullish trend on the short-term trading, with the trading alongside supportive minor trend line for this track.
The (EURUSD) price continued its rise in its last intraday trading, allowing it to breach the key resistance at 1.1680, which represents our expected target in our previous analysis. This rise is supported by the continuation of the trading above EMA50, and under the dominance of bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for the current trend.
Noticing the positive signals from the relative strength indicators, despite reaching overbought levels, which might limit the extension of the gains in the near-term basis.
The (BTCUSD) price rose slightly in its last intraday trading, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis and its trading alongside trend line, on the other hand we notice the emergence of the negative signals on the relative strength indicators, reducing the gains of the price.