EURUSD moved higher in recent intraday trading after finding support at EMA50, helping the pair gain positive momentum and extend its short-term gains as bullish technical signals improved.
This improvement comes with the emergence of a positive divergence on the relative strength indicators after reaching oversold levels compared to price action, alongside positive signals that support further upside attempts toward the key resistance at 1.1660, backed by a short-term bullish wave.
Bitcoin (BTCUSD) experienced highly volatile trading during its latest intraday sessions, following the stability of the resistance level at $77,500. The price is attempting to gain positive momentum that could help it breach this resistance, while continuing to find support from EMA50.
The price also benefits from breaking a short-term corrective bearish trend line. In the background, we can notice the beginning of a positive crossover on the relative strength indicators after reaching excessively oversold levels compared to the price movement, suggesting the possible formation of a positive divergence.
Crude Oil prices remain steady on a series of consecutive gains during the latest intraday trading sessions, supported by positive signals coming from the relative strength indicators. However, these indicators reached heavily overbought levels in an exaggerated manner compared to the price movement, suggesting a rapid loss of positive momentum ahead, and the negative pressure continues due to trading below EMA50, alongside the impact of breaking a major short-term bullish trend line.
Gold price continued to decline during its latest intraday trading, reaching a key support level at $4,500, amid ongoing negative pressure caused by trading below EMA50. On the other hand, we notice the beginning of a positive crossover on the relative strength indicators after reaching deeply oversold levels in an exaggerated manner compared to the price movement, suggesting the formation of a positive divergence that may help gold regain recovery and rise again.