GBPUSD declined in its last intraday trading, after its previous rebound due to the stability of 1.3280 support, which has been an expected target in our previous analysis, to offload its oversold conditions on the relative strength indicators, to retest the key resistance at 1.3365. which makes the pair surrender to the negative pressure again, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path. 

Bitcoin price (BTCUSD) moved higher in its latest intraday trading, stabilizing above the $68,000 resistance level after breaching it, which represents an important technical signal reflecting the strength of the current buying momentum. The price is also drawing dynamic support from trading above EMA50, reinforcing the continuation of positive momentum.

This improvement comes alongside emerging positive signals from the Relative Strength indicators, supporting the ongoing short-term corrective bullish wave and keeping the chances of extending gains intact unless sudden signs of weakness appear.

Therefore, we suggest a rise in BTCUSD in its upcoming intraday trading, conditioned by its stability above $68,000, to target the key resistance at $72,000.

Expected trading range is bewteen$66,000 support and $72,000 resistance.

Today’s forecast: Bullish

Crude Oil price rebounded higher in its latest intraday trading after successfully easing part of the clear overbought condition on the relative strength indicators, restoring technical balance and providing more room to continue gains in the near term.

This improvement is supported by ongoing dynamic support, as the price remains stable above EMA50, reinforcing the strength and dominance of the main short-term bullish trend. The positive outlook remains valid as long as oil maintains trading above its nearby support levels.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, conditioned by breaching $75.00 resistance initially and holding above it, to target its next resistance at $80.00.

The expected trading range for today is between $70.00 support and $78.00 resistance.

Today’s forecast: Bullish

Silver prices moved higher in its latest intraday trading, attempting to recover part of its previous losses. However, negative pressure remains in place as the price continues to trade below its EMA50, keeping dynamic resistance intact against any upward movement.

The price is also still impacted by its break below a short-term corrective ascending trend line, reflecting technical weakness in the current structure. Despite this, silver is trying to benefit from easing the clear oversold condition on the relative strength indicators, especially with the emergence of new positive signals that could support a temporary recovery if buying momentum holds in the coming sessions.

Accordingly, our outlook favors a decline in silver price during upcoming intraday trading, as long as the $86.00 resistance level remains intact, targeting the $73.00 support level.

The expected trading range is between $77.00 support and $87.00 resistance.

Today’s forecast: Bearish