The price of Bitcoin (BTCUSD) soars high strongly in the last intraday trading, recording new historical level, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, the price keeps getting positive support by its stability above EMA50, reinforcing the continuous bullish momentum.

Despite reaching clear overbought levels by the (RSI), it remains sending positive signals, indicating the strength of the current bullish strength. This activation between the strong momentum and the technical indicators supports the possibilities for the continuation of the rise, with potential technical corrections later due to the overbought conditions.

The (crude oil) settled low in its last intraday trading, leaning on the critical support at $66.00, accompanied by the price lean on the support of the MA50, besides testing the main bullish trend line on the short-term basis, indicating stability in the support levels.

On the other hand, there are signs for forming a positive divergence on the (RSI), after reaching exaggerated oversold levels, and the emergence of the positive signals on these indicators, which might support a potential bullish rebound in the upcoming trading.

The (Gold) price rose in its last intraday trading, after surpassing the negative pressure that comes from EMA50, providing a positive momentum that assisted it to breach a bearish correctional bias that has restricted its move on the short-term basis.

This rise came after offloading the clear overbought conditions on the (RSI), opening the way for the return of the positive signals gradually, which provides bigger space for achieving more of the gains, reinforcing the possibilities for the continuation of the rise in its upcoming moves.

The (EURUSD) declined in its last intraday trading, affected by the continuation of the bearish correctional trend on the short-term basis, and its move alongside a bearish bias line, breaking the key support at 1.1685, which represents the target we mentioned in yesterday’s forecast, indicating the continuation of the selling pressure.

This decline comes due to the downside movements below EMA50, besides the continuation of the negative signals on the (RSI), despite reaching oversold levels, indicating the weakness of the bullish momentum and opens for downside movements on the near-term basis.