The (GBPUSD) price declined in its last intraday trading, affected by breaching main bearish trend line on the short-term basis, dominated by bullish corrective wave, with the continuation of the positive pressure that comes from its trading above EMA50, representing dynamic support that reinforces the chances of the price recovery, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, attempting to look for rising low to take it as a base to help it gain the required bullish momentum for rising again.
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Bitcoin price (BTCUSD) declined in its last intraday trading, attempting to gain bullish momentum that might help it recover and return to rise again, accompanied by offloading its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals in the last trading.
The price is leaning on the support of its EMA50, amid the continuation of the bullish corrective wave on the short-term basis, and its trading alongside supportive trendline for this track, reinforcing the chances for the gains return on the near-term basis.
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Crude oil prices declined in their last intraday trading, preparing to break the key support at $56.35, amid the continuation of the dynamic pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis, indicating the weakness of the buying power and the continuation of the negative trend.
At the same time, the relative strength indicators have reached exaggerated overbought levels compared to the price move, which suggests forming negative divergence that supports the continuation of the losses on the near-term basis unless it confirms breaking the above-mentioned support.
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The (Gold) price declined slightly in its last intraday trading, affected by the stability of the key resistance at $4,378, which represents our expected target in our previous analysis, the price attempts to gain some bullish momentum to help it breach this resistance and resume recording new all-time highs in the near-term basis.
At the same time, the price is attempting to offload its overbought conditions on the relative strength indicators, and the negative pressure remains valid due to its trading above its EMA50, besides the dominance of the main bullish trend and its trading alongside supportive trend line for this track.
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