Bitcoin (BTCUSD) rose in its last intraday trading, breaching the key resistance at $64,500, taking advantage of the continued dynamic support due to its trading above EMA50, with the dominance of the bullish trend on the short-term basis, and its trading alongside supportive trend line for this path, noticing the emergence of positive signals from the relative strength indicators, after reaching oversold levels.
Crude Oil price witnessed fluctuated trading in its last intraday levels, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to resume its gains in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of the bullish corrective trend on the short-term basis.
Gold settles lower in its recent intraday trading, affected by testing a main bearish trend line on the short-term basis, accompanied by reaching EMA50’s resistance, intensifying the negative pressure on the price and pushing it to rebound lower, with the beginning of forming negative divergence on the relative strength indicators after reaching overbought levels, exaggeratedly compared to the price move, and the beginning of negative signals emergence.
The EURUSD pair declined in its latest intraday trading, to surpass EMA50’s support, putting it under negative pressure with the emergence of the negative signals from the relative strength indicators, after offloading its oversold levels, intensifying pressure in the upcoming near period, where bullish corrective trend remains dominant on the short-term basis, with the trading alongside supportive trend line for this path, keeping the chances of the recovery valid, conditioned by retesting the near resistance.