Bitcoin (BTCUSD) witnessed fluctuated trading in its last intraday trading, to gain a bullish momentum that might help it to recover and return to rise, accompanied by the attempt of offloading the clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, indicating temporary weakness in the bullish momentum.
On the other hand, the price remains supported by the continuation of its trading above EMA50, providing a key dynamic support besides its trading within bullish corrective wave on the short-term basis and its trading alongside trend line that reinforces the stability of this track, keeping the recovery chances valid if the price keeps its technical support levels.
Crude oil settled higher in its recent intraday trading, after its previous success in breaching minor bearish trend line on the short-term basis, providing extra momentum for bullish trading, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, indicating the strength of the current momentum.
The price is taking advantage of it surpass to the negative pressure of EMA50, attacking the key resistance at $59.00, to reinforce the bullish corrective wave on the near-term basis, and likelihoods of extending the gains remain valid if the price kept its trading above the recently- achieved support levels.
Gold witnessed strong gains in recent intraday trading, supported by the emergence of positive signals on the relative strength indicators, indicating an improvement in buying momentum after the relative calm phase. This intraday rise comes after gaining renewed bullish momentum, to reinforce the stability of the bullish movement on a near-term basis.
Gold also gets extra support by its continuous trading above EMA50, which provides renewed bullish momentum, especially with the continuation of minor bullish wave dominance of the short-term basis and its trading alongside supportive trend line for this track, keeping the likelihood of achieving more gains valid in its upcoming trading.
The (EURUSD) price declined in its last intraday trading, due to the stability of the key resistance at 1.1605, to attempt to gain bullish momentum to help it recover and rise and breach this resistance, this intraday decline comes amid natural technical moves after short-term bullish wave, while the price is affected by this strong barrier.
The pair is taking advantage of the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for regaining its bullish momentum on a near-term basis.