Bitcoin’s price declined in its last intraday trading, after offloading its oversold conditions on the relative strength indicators, however this improvement wasn’t enough to push the price to achieve new gains, as the price fails to settle above EMA50.
This decline comes amid the continuation of the main bearish trend dominance on the short-term basis, the trading alongside supportive minor trend line for this trend reinforces the negative pressures and limits the recovery chances in the near period.
Crude oil declined slightly during its recent intraday trading, within a natural profit-taking phase after the previous strong rises, attempting to rearrange its technical position and gaining bullish momentum that might help it to resume the rise, amid the dominance of strong bullish corrective wave on a short-term basis.
The positive support continues due to its trading above EMA50, reinforcing the stability of the bullish trend, especially with the emergence of the positive signals on the relative strength indicators after offloading its overbought conditions, opening the way for achieving more gains in the upcoming period.
Gold price rose in its recent intraday trading, breaching $4,500 main resistance, which represents a target in our previous analysis, supported by the return of the bullish momentum, amid clear dominance for the main bullish trend on the short-term basis, with the trading alongside supportive trend line for this track.
This rise is accompanied by the emergence of positive signals on the relative strength indicators, after offloading its previous overbought condition, opening the way for resuming the rise, and reinforcing the chances of extending its gains in the upcoming period if these data remain valid.
The (EURUSD) price rose in its last intraday trading, attacking the key resistance at 1.1800, supported by the continuation of the trading above EMA50, which represents dynamic support that reinforces the dominance of the main bullish trend on the short-term basis, especially with the trading alongside supportive trendline.
On the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after offloading the previous overbought conditions, which opens the way for moving to the upside, and reinforces the chances of extending its gains on the near-term basis when breaching the current resistance steadily.