Bitcoin (BTCUSD) declined in its last intraday trading, attempting to look for a higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery in the near upcoming period, especially with the dominance of the main bullish trend on short-term basis, with the beginning of forming positive divergence on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals from them.
Crude oil prices rose slightly in its recent intraday trading, attempting to recover some of its previous losses, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of a full recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators.
Gold declined in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels to gather the gains of its previous rises, to attempt to gain bullish momentum that might help it to recover and resume its gains and to offload this overbought conditions amid the continuation of the positive and dynamic pressure that is represented by its trading above EMA50.
The EURUSD price witnessed fluctuating trading on its recent intraday levels, to gain bullish momentum that might help it to breach the near resistance at 1.1790, supported by its trading above EMA50, reinforcing the strength and stability of the main bullish trend on short-term basis, besides the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions.