Bitcoin (BTCUSD) continued to decline in its latest intraday trading, amid the dominance of the short-term downtrend. The negative pressure persists as the price trades below EMA50, while negative signals continue to emerge from the relative strength indicators, despite their reaching deeply oversold levels.
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Crude oil continued its rise during its recent intraday trading, amid the dominance of the main short-term bullish trend, with the price moving alongside an ascending trend line that supports this path. Additionally, positive pressure remains in place as the price trades above EMA50, which acts as a dynamic support base, reinforcing the chances of extending these gains in the near term.
MoreGold extended its losses during its recent intraday trading, reaching our price target at the $3,900 support level. This comes amid the dominance of the main short-term bearish trend, with continued negative pressure resulting from trading below EMA50, which acts as dynamic resistance and intensifies the selling pressure surrounding the price, particularly as negative signals continue to emerge from the relative strength indicators.
MoreThe EURUSD pair declined in its recent intraday trading, breaking below the support of its EMA50, bringing negative pressure back to the forefront. This comes especially as negative signals begin to emerge from the relative strength indicators after reaching deeply overbought levels, while the main short-term bullish trend remains intact.
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