Bitcoin (BTCUSD) deepened its sharp losses during its recent intraday movements, breaking the support level at $72,000, this support represented our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.
Crude oil prices rose higher during recent intraday trading, reaching EMA50’s resistance, in attempt to surpass this resistance, announcing a full recovery in the upcoming near period, to suggest targeting new resistance levels, especially with the emergence of positive signals from the relative strength indicators, despite reaching overbought levels.
Gold prices kept declining during recent intraday trading, surpassing EMA50’s support, putting it under intensive negative pressure, confirming the main bearish trend dominance on the short-term basis, with the price trading alongside supportive trend line for this path, noticing the continuation of the negative signals from the relative strength indicators, despite reaching oversold levels, despite reaching oversold levels.
The EURUSD pair declined during its latest intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, to surpass EMA50’s support, putting it under intensive negative pressure, and reduces the chances of its recovery in the upcoming near period.