Bitcoin (BTCUSD) witnessed fluctuated trading helped it to rise on its last intraday trading, attempting to recover some of its early losses for today, and attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, affected by breaking bullish corrective trend line on the short-term basis, with a negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances of full recovery in the near upcoming period.
Crude Oil price rose in its last intraday trading, reaching the key resistance level at $75.00, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, supported by its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought levels, which might decelerate the rise, especially if the resistance settles.
Gold kept declining on its recent intraday levels, with the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line, to reach the psychological barrier at $4,000, which was an expected target in our previous analysis, on the other hand, we notice the beginning of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which might reduce the losses in the near upcoming period.
The EURUSD pair slipped lower in its latest intraday trading, due to the stability of the key resistance at 1.1430, to erase most of its early gains for today, facing negative pressure due to its trading below EMA50, which represents a dynamic resistance that intensified the negative pressure, amid the dominance of the main bearish trend on the short-term basis.