The (EURUSD) continued its decline in its last intraday trading, affected by the continuation of the negative pressure that comes from its trading below EMA50, which makes it closer to break a main bullish trendline on the short-term basis.
This comes with the emergence of negative overlapping signals on the relative strength indicators after offloading the oversold conditions, which opens the way for recording more losses on the near-term basis.
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The (BTCUSD) price declined in its last intraday trading, amid the attempts for looking for rising low to take it is as a base that might assist it to gain the required positive momentum to recover, leaning on the support of its EMA50, with the relative strength indicators to the oversold levels, exaggeratedly compared to the price movement, to suggest forming positive divergence from them, amid the dominance of the bullish correctional trend on the short-term basis.
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The (crude oil) declined in its last intraday trading, to end any chance of recovery on the near-term basis, under the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, amid the dominance of the main bearish trend on the short-term basis.
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The (Gold) price extended its gains in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, to succeed in its last trading in surpassing the negative pressure of the EMA50, amid the dominance of the main bullish trend on a short-term basis, reinforcing the bullish scenario.
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