Bitcoin (BTCUSD) rose in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, approaching from recovering all the early losses for today, with the continuation of the negative pressure that comes from 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 for this path.
Crude Oil prices rose in their latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, attempting to recover some of the previous losses, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of a full recovery in the upcoming near period.
Gold declined in its last intraday trading, reaching the key and psychological support at $4,000, this support represents our expected target, with the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of the main bearish trend on the short-term basis, noticing the negative signals from the relative strength indicators.
The EURUSD pair extended its gains in its latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, amid the dominance of bullish corrective waves on the short-term basis, reaching EMA50’s resistance, threatening these gains if it manages to surpass the resistance in the upcoming near period.