The GBPUSD pair has been posting consecutive losses in its latest intraday trading, amid continued negative pressure from trading below EMA50. The pair also broke below a key short-term ascending trend line in previous trading sessions, intensifying downside pressure and increasing the likelihood of further losses.
On the other hand, we are noticing the emergence of a positive crossover in the relative strength indicators after they reached deeply oversold levels, helping the pair gain some stability as it attempts to recoup part of its previous losses.
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Bitcoin (BTCUSD) has been experiencing some fluctuations in its latest intraday trading following its break below the 74,000$ support level, amid the continued dominance of the main bearish trend in the short term. Negative pressure also remains valid as the price continues to trade below EMA50, which continues to act as dynamic resistance, limiting the chances of a full recovery in the near term.
MoreThe price of crude oil rose in its latest intraday trading, driven by positive signals emerging from the relative strength indicators, in an attempt to recoup some of its previous losses and regain part of its positive momentum. This comes despite continued negative pressure from trading below EMA50, which continues to act as dynamic resistance, reinforcing the dominance of the main bearish trend and its stability in the short term.
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