The price of Bitcoin (BTCUSD) recorded strong jump in the last intraday trading, to succeed in breaching the psychological and key resistance level at $110,000, indicating the strength of the dominant bullish momentum. This move is supported by its stability above EMA50, amid the stability of the main bullish trend on the short-term basis, and the trading alongside a bullish bias line.
This jump was preceded by a successful attempt to offload the clear overbought conditions on the (RSI), opening the way for the bullish trend, and achieving more of the gains if the positive signals continue to support it in the upcoming moves.
The (crude oil) declined slightly in its last intraday trading, in attempt to gain a positive momentum that might help it to recover and return to the bullish track, this limited decline comes with the continuation of the trading above EMA50, which provides dynamic support for its move.
The dominance of the positivity continues on the bullish trend on the short-term basis, supported by trading alongside a bullish trend line, besides the positive signs on the (RSI), which reinforces the possibilities for resuming the rise in its upcoming moves.
The (Gold) price continued its gains in its last intraday trading, supported by the emergence of positive signals on the (RSI), despite entering overbought levels. the price managed to surpass the resistance level at $3,315, indicating clear improvement in the bullish momentum on the intraday basis.
This rise is accompanied by surpassing the EMA50, despite the continuation of the trading within a bearish correctional trend on the short-term basis, and its stability alongside a bearish bias line, this contradiction between the technical signs might open the way for fluctuated trading unless confirming changing the main trend.
The (EURUSD) rose in its last intraday trading, supported by the emergence of positive signals on the (RSI), which assisted the pair to regain its bullish momentum temporarily. This rise pushed it to retest the significant resistance at 1.1745.
This rise is accompanied by approaching from the top of bearish correctional channel that limited its moves recently, besides hitting the resistance of the EMA50, which adds more of technical importance to the barrier, which might limit the price in its upcoming move.