The (EURUSD) price declined in its last intraday trading, amid the dominance of bearish corrective trend on short-term basis, besides strong negative pressures due to its stability below EMA50, forming active dynamic resistance that prevents near-term recovery attempts, indicating a clear weakness in the buying momentum.
The price is getting ready to test 1.1775 key support, to detect its upcoming track, with the emergence of negative signals from relative strength indicators after reaching sharp overbought levels, therefore, breaking this support might open the way for extending the bearish wave.
The (BTCUSD) price settles on limited and cautious gains on its last intraday levels, taking advantage of the positive signals’ emergence from relative strength indicators, after reaching oversold levels, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, under the dominance of the main bearish trend on short-term basis.
The (crude oil) price surged higher in its last intraday trading, benefiting from the emergence of positive signals from relative strength indicators, with the continuation of the positive pressure that comes from its trading above EMA50, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.
Gold price rose in its last intraday trading, to reach our morning expected target at $5,200, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, with its trading alongside minor bullish trend line on the short-term basis, offloading its overbought conditions from relative strength indicators, pushing it to achieve new gains.