The (EURUSD) price declined in its last intraday trading, attempting to look for higher low to form a base for gathering the required bullish momentum to recover, this comes amid the dominance of bullish corrective wave on the short-term basis, supported by the trading above EMA50, keeping the positive overview valid despite the last decline.
The signals of positive divergence are forming on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, accompanied by positive overlapping signals appearance, which might reinforce the chances of rebounding again, these technical factors reduce the likelihoods of rising soon unless the price breaks the key support levels.
The (BTCUSD) price settled lower in its recent intraday trading, leaning on the current support level at $95,500, this support represents a potential target in our previous reports, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels, helping it to settle on the intraday basis.
The (crude oil) witnessed fluctuated trading on its last intraday levels, to attempt to gain bullish momentum that may help it to rise again, leaning on the support of its EMA50, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (Gold) price settled with sharp decline in its last intraday trading, leaning on the support of its EMA50,which stopped the losses bleeding, to begin showing signs of the intraday stability, amid its attempts to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid its trading alongside minor bullish trendline on the short-term basis.