Bitcoin’s price slipped lower in its last intraday trading, affected by the stability of the key resistance at $94,000, which puts the price under increased negative pressure, reinforcing the emergence of negative signals on the relative strength indicators, after forming clear negative divergence, which increased the technical weakness and pushed the price to break EMA50’s support.
Despite this clear decline, bitcoin keeps one positive element that is represented by the bullish corrective trend line on the short-term basis, representing the last support for keeping the movement with the temporary positive range, forming leaning point to new recovery attempts if the price keeps its stability above it
Crude oil settles with sudden strong gains in its recent intraday trading, taking advantage of the positive signals on the relative strength indicators, which helped it to recover big part of its previous losses and stabilize. This temporary positive momentum shows the attempts of the price to regain some strength despite the surrounding pressures.
MoreGold achieved strong gains in its recent intraday trading, heading towards attacking the key resistance at $4,245, which represents previously suggested potential target in our analysis. This rise came after surpassing the negative pressure that came from EMA50, to regain the bullish trend clearly.
MoreThe (EURUSD) price continued its rise in its last intraday trading, allowing it to breach the key resistance at 1.1680, which represents our expected target in our previous analysis. This rise is supported by the continuation of the trading above EMA50, and under the dominance of bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for the current trend.
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