GBPUSD rose in its recent intraday trading, due to the stability of the support level at 1.3165, which was our expected target, which provided bullish momentum that helped the price to achieve these gains, to recover some previous losses, especially with the beginning of forming positive divergence on the relative strength indicators, and the emergence of the positive signals, which may push the pair to achieve more cautious gains in the upcoming near period.

On the other hand, the bearish trend remains dominant on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of a recovery.

(BTCUSD) settles on cautious gains, benefiting from $60,000 support’s stability, which was our last expected target, which helped to limit the selling pressure and pushed the price to recover some of its previous losses.

The price benefited from relative improvement in the relative strength indicators, with positive overlapping signals that show the attempts of the price to surpass the oversold condition and regain some buying momentum, however, the technical overview remains facing clear challenges, affected by breaking bullish correction trend line on short-term basis, besides trading below EMA50, keeping the negative pressure valid and reduce the chances of full recovery.

Crude Oil prices continued to decline during recent intraday trading, breaking $70.00 support, which represented our last expected target, confirming the dominance of selling pressure, with the bearish trend strength increase as sellers maintain control over market activity.

This performance accompanied by trading below the EMA50, and its move along a minor downward trendline that supports the bearish trend, these factors reinforce the negative short-term technical scenario, and relative strength indicators keeps sending bearish signals despite reaching deeply oversold areas, keeping the chances of recording losses remains valid.

Silver settles on cautious gains in its recent intraday trading, attempting to recover part of its previous losses, taking advantage from a relative improvement in technical momentum following the latest decline.

This performance accompanied by the price attempts to offload its oversold condition on the relative strength indicators, with the emergence of a positive overlapping signals that supports the chances of stabilization and a limited rebound. However, negative pressure remains dominant, as the price remains below EMA50, which reinforces the stability and dominance of the main short-term bearish trend, therefore, the current gains are still viewed as a cautious recovery attempt unless the price surpasses key resistance levels.