The (EURUSD) price continued its rise in its recent intraday trading, taking advantage of forming positive technical patterns on the short-term basis, represented by the double bottom pattern, which supports the continuation of the current bullish momentum, reinforcing the trading above EMA50, as dynamic support that keeps the stability of the bullish corrective trend.
This comes amid the emergence of the positive signals on the relative strength indicators, supporting the continuation of its gains on the near-term basis.
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The (BTCUSD) price witnessed sharp losses in its recent intraday trading, breaking the key support at $109.500, which represents our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, after offloading the oversold conditions on the relative strength indicators, intensifying the negative pressure around the price.
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The (crude oil) slipped lower in its last intraday trading, reaching our expected target at $57.35 support, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
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The (Gold) price kept rising in its last intraday trading, to continue recording new all-time highs, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor trend line, with the emerging of the positive signals on the relative strength indicators, despite reaching overbought levels.
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