Bitcoin (BTCUSD) rose in its last intraday trading, leaning on a bullish trend line on the short-term basis, gaining bullish momentum that intensified by forming a positive divergence on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them, which pushed it to achieve these gains, attempting to surpass the negative pressure of the EMA50, announcing its full recovery and opens the way for achieving more gains in the near upcoming period.
Crude Oil price extended its gains in its last intraday trading, to confirm breaching the key resistance at $79.00, benefiting from the emergence of the positive signals from the relative strength indicators, with the dominance of the bullish corrective trend on the short-term basis, amid its trading alongside supportive trend line for this path, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period.
Gold rose in its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators after reaching oversold levels, to settle above the psychological support at $4,000, attempting to recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reinforces the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.
The EURUSD pair witnessed fluctuated trading on its latest intraday levels, due to the stability of the key support at 1.1430, accompanied by the stability of EMA50’s support, gaining bullish momentum that stopped the losses, amid the dominance of the bullish corrective trend on the short-term basis, with the emergence of the positive signals from the relative strength indicators, after forming positive divergence followed reaching oversold levels compared to the price action, reinforcing the chances of its recovery in the near upcoming period.