Bitcoin deepened its losses in its latest intraday sessions, to break the support level at $72,000, which was a price target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the chances and dominance of the main bearish trend on the short-term basis, besides the emergence of the negative signals from the relative strength indicators.
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Crude oil rose in its latest intraday trading, attempting to offload some of its clear oversold levels on the relative strength indicators, especially with the emergence of the positive signals from them, to retest the key resistance level at $86.40, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chance of a full recovery in the near period, to reinforce the dominance and stability of the main bearish trend on the short-term basis.
MoreGold slipped lower in its latest intraday trading, breaking below the key support at $3,900, which was a price target in our previous analysis, amid 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, besides the emergence of the negative signals from the relative strength indicators, despite its stability in oversold levels.
MoreThe EURUSD pair continued to decline in its recent intraday trading, reaching the support level of 1.1060. This level was the last price target we identified in our previous analysis. This decline came despite positive signals emerging from the relative strength indicators after reaching deeply oversold levels, which hasn’t translated into any meaningful price recovery. This highlights the strength of the negative pressure weighing on the pair, amid the dominance of the main short-term bearish trend.
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