The (crude oil) price settles on a decline in its last intraday trading, affected by breaking main bullish trend line on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis, on the other hand, we notice positive signals from relative strength indicators, after reaching oversold levels, attempting to offload this oversold conditions, which helped it to settle on intraday basis.
Gold price settles on a rise in its last intraday trading, taking advantage of the positive signals’ emergence from relative strength indicators, after reaching oversold levels, attempting to offload these oversold conditions, reaching EMA50’s resistance, affected by breaking minor bullish trend line on short-term basis.
(EURUSD) declined in the intraday trading, leaning on EMA50’s support, accompanied by its lean on main bullish trend line on short-term basis, amid its attempts to gain bullish momentum that might help it to recover and rise again, especially with the emergence of positive overlapping signals on relative strength indicators, after reaching oversold levels.
The price of (ETHUSD) is fluctuating and prefer cautious rise on its last intraday levels, taking advantage of the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, however the price remains under negative and dynamic pressure that is represented by its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on short-term basis.