The (BTCUSD) price witnessed sharp rise in its last trading on the intraday levels, after breaching the key resistance level at $112,000, opening the way for targeting the next resistance level at $113,800, as we expected in our morning analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, on the other hand, noticing that the relative strength indicators reached overbought levels, which might reduce the gains temporarily.
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The (crude oil) continued the decline in its last intraday trading, ending hopes of its recovery on a short-term basis, where it surpassed the support of its EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might limit the losses temporarily, and more potential downside moves on the near-term basis.
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The (Gold) price extended its gains in its last intraday trading, to continue recording new all-time highs in every step to the upside, settled above $3,800 support, supported by its continued trading above its EMA50, and under the dominance of the main bullish trend line on the short-term basis and its trading alongside supportive trend line for this track.
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The (EURUSD) witnessed fluctuated trading in its last intraday levels, after its rise to hit the resistance of its EMA50, which forced it to bounce lower, amid the dominance of bearish correction wave on the short-term basis, and the stability of the critical resistance level at 1.1730, besides forming a negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared by the price movement, with the emergence of the negative signals.
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