The GBPUSD pair settles on series of consecutive gains on its latest intraday levels, supported by the emergence of positive signals from relative strength indicators, to breach 1.3400 key resistance, this resistance represents a neckline of short-term positive technical formation ( the double bottom pattern), accompanied by surpassing EMA50’s resistance, to get rid of its negative pressure, reinforcing the chances of extending its gains on near-term basis.

Bitcoin price (BTCUSD) is experiencing volatile movements during its latest intraday trading, keeping its previous gains and its stability above $68,000 resistance level, and it attempts to gain bullish momentum that might help it to surpass the negative pressure due to EMA50’s resistance.

On the other hand, the relative strength indicators began showing negative overlapping signals after reaching exaggerated overbought levels compared to the price move, which might limit the chances of full recovery and increase the possibilities of continuing fluctuation on near-term basis.

Crude Oil price deepened its losses during its latest intraday trading, in attempt to look for higher low that might use it as a base to regain the bullish momentum and return to rise again.

This decline comes despite the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by the trading above EMA50, reinforcing the recovery chances in the near future, especially with the relative strength indicators reaching sever oversold levels, exaggeratedly compared to the price move, indicating a likelihood of forming positive divergence that might support the chances of bullish rebound.

Silver Price expanded its gains during its latest intraday trading, after breaching the key resistance of $86.00, accompanied by surpassing EMA50’s resistance, which may help it to get rid of the surrounding negative pressures.

This comes amid the dominance of the main bullish trend on short-term basis, with its move alongside supportive trend line for this path, on the other hand, the relative strength indicators began showing negative overlapping signals, after reaching overbought levels, which might push the price to begin temporary fluctuating moves to offload some of these conditions before attempt to complete the rise.