Bitcoin’s price declined in its last intraday trading, amid the continuation of the dynamic negative pressure due to its trading below EMA50, which reduced the recovery chances on the near-term basis, especially after breaking bullish corrective trend line that was supporting its short-term trading.
This decline comes with the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, indicating the beginning of forming negative divergence, which might intensify the negative pressures and open the way for more intraday declines unless this bearish momentum continues.
Crude oil continued to surge higher in its recent intraday trading, taking advantage of the stability of $55.00 key support, which represents potential target in our previous analysis, attempting to recover some of its previous losses, supported by the emergence of the positive signals from the relative strength indicators, amid its attempts to offload the clear oversold conditions.
This rebound comes amid the continuation of the main bearish trend on the short-term basis, with the trading alongside steep minor bearish trend line, indicating that the rise remains within technical correction range, it might face difficulties until it turns to sustainable recovery in near sessions.
Gold returned to rise in its recent intraday trading, taking advantage of the stability above the main support at $4,300, which formed a solid base for the rebound, supported by the positive signals from the relative strength indicators, reinforcing the positive momentum.
This rise comes amid the continuation of the dynamic pressure due to its trading above EMA50, which supports the stability and dominance of the main bullish trend on the short-term basis, especially with the trading alongside supportive trend line for this track.
The (EURUSD) price witnessed strong losses in its last intraday trading, affected by the negative signals of the relative strength indicators, after reaching 1.1795 resistance, which represents a target in our previous analysis, which makes the price begin to gather the gains of its previous rises.
The price is looking for rising low to use it as a base to regain the bullish momentum and recover, amid the continuation of the dynamic support due to its trading above EMA50, besides the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line.