The (EURUSD) continued its rise in its last intraday trading, taking advantage of its dynamic support that comes from its stability above EMA50, providing renewed bullish momentum, with the dominance of the main bullish trend on the short-term basis and its trading alongside supportive bias line for this track.
The relative strength indicators reached overbought levels, exaggeratedly compared to the price move, which might reduce its current gains, and opens the way for some correctional rebounds that target gathering the gains before resuming the rise again.
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The (BTCUSD) price declined in its last intraday trading, after offloading its clear oversold conditions on the relative strength indicators, and the dominance of the selling powers remains valid, affected by its exit from bullish correctional channel’s range that limited its previous trading on the short-term basis with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the negative pressure.
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The (crude oil) rose in its last intraday trading, to recover some of its previous losses, amid the dominance of the main bearish trend on the short-term basis, and its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions.
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The (Gold) price continued its rise in its last intraday trading, amid the dominance of the main bullish trend and its trading alongside supportive trendline, taking advantage of the dynamic support that is represented by its trading above EMA50, despite the stability of relative strength indicators in the overbought level, to indicate the dominance of the buying powers.
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