Bitcoin (BTCUSD) surged higher during its latest intraday trading, with the price beginning to recover as a positive divergence started to form on the relative strength indicators after reaching deeply oversold levels that appeared exaggerated compared with the actual price movement. Positive signals are now emerging from these indicators, while continued support from trading above its EMA50 is helping to stabilize a short-term corrective bullish wave.

Crude Oil experienced highly volatile trading, during which prices rose to recover part of their previous losses and ease oversold conditions indicated by the relative strength indicators. The price reached the resistance level at $79.00 before reversing lower once again, erasing most of those gains. This comes amid continued negative pressure from trading below its EMA50, while the main short-term trend remains bearish.

Gold rose during its latest intraday trading, with positive signals emerging from the relative strength indicators, supported by continued trading above its EMA50, which acts as a dynamic support base, helping to stabilize a strong short-term corrective bullish wave and increasing the likelihood of targeting new resistance levels in the near term.

The EURUSD pair declined in its latest intraday trading, amid emerging negative signals from the relative strength indicators after reaching heavily overbought levels. The pair is attempting to gain positive momentum that could help it recover and resume its upward movement. This comes after it was previously supported by breaching a main short-term bearish trend line, while continuing to receive dynamic support from trading above its EMA50, which enhances the chances of a recovery.