Bitcoin witnesses a tactical decline -Analysis-14-05-2025

The (crude oil) price declined in its recent intraday trading, to gather the gains of its previous rises, attempting to gain a positive momentum that might assist it to recover and rise again, and attempting to offload some of its clear overbought conditions on the (RSI), with the beginning of negative overlapping signals appearance.

The (Gold) price declined in its recent intraday trading, holding below the resistance at $3,260, amid the dominance of a bearish correctional wave on the short-term basis, affected by breaking a main bullish trend line, and suffering from the negative pressure due to its trading below its EMA50,  and the emergence of the negative signals on the (RSI) is reinforcing the bearish scenario, after the price success in offloading its oversold conditions in its previous trading, opening the way for more bearish moves.

The (EURUSD) price continued the rise in its recent intraday trading, attempting to recover some of its previous losses, amid the bearish correctional trend domination on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due its trading below EMA50, and its trading below the critical resistance at 1.1250, this level represents 38.2%Fibonacci correctional level for the last bullish wave on the short-term basis (from 1.0730 to 1.1572), accompanied by the (RSI) indicators reaching oversold level, which suggest the beginning of forming negative divergence, especially with the emergence of negative signals from there.