Bitcoin (BTCUSD) settles with series consecutive losses in its last intraday trading, supported by its continued trading above EMA50, which provided supportive base for moving higher to breach a main bearish trend line on the short-term basis, which represents a strong signals for extending the corrective gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators after offloading its overbought conditions.
Crude Oil prices rose in their latest intraday trading, attempting to recover some of its previous losses and offloading its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, this comes amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of sustainable recovery in the near upcoming period.
Gold rose in its recent intraday trading, breaching the key resistance level at $4,100, this resistance represents a neckline for positive technical formation on the short-term basis (the double bottom pattern), as a clear signals for resuming the corrective trend in the near upcoming period, especially with the dynamic support that is represented by its trading above EMA50, which prevented its decline in the last period, besides the emergence of the positive signals from the relative strength indicators.
The EURUSD pair witnessed strong gains in its latest intraday trading, breaching the key resistance at 1.1430, supported by the emergence of the positive signals from the relative strength indicators, to surpass the pressure of the EMA50, which represents a dynamic support that reinforces the stability of the dominant bullish corrective wave on the short-term basis, with its trading alongside trend line.