GBPUSD rose slightly in its last intraday trading, in attempt to recover some of its previous losses, attempting to recover some of its oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, affected by the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the bearish corrective trend on short-term basis, especially with the trading alongside supportive trend line for this bearish trend.

Bitcoin’s price (BTCUSD) declined in its recent intraday trading, leaning on EMA50’s support, to gain bullish momentum that might push it to recover and target breaching the stubborn resistance level at $68,000.

Accompanied by the continuation of the positive effect of breaching minor bearish trend line on short-term basis, keeping the positive technical overview, and the relative strength indicators begin showing new positive overlapping signals, after reaching exaggerated oversold levels compared to the price move, reinforcing the likelihoods of resuming the rise if the current support settles.

Crude oil prices declined in their last intraday trading, amid fluctuating trading, affected by the stability of the current resistance at $65.35, accompanied by reaching EMA50’s resistance, forming double negative technical pressure that limited the recovery attempts.

Accompanied by the emergence of negative overlapping signals on relative strength indicators, after offloading the previous oversold conditions, which might open the way for more corrective downside moves on near-term basis, especially if the trading continued below the mentioned resistance level.

Silver prices reinforced its gains in their last intraday trading, supported by the stability of the key support at $86.00, providing sold technical base that provides clear bullish momentum, this improvement accompanied by forming positive divergence on relative strength indicators after reaching several oversold levels, with the emergence of positive signals that supports the continuation of the recovery.

The price is moving alongside bullish corrective wave on short-term basis, taking advantage of its stability above EMA50, reinforcing the chances of extending the gains in the upcoming period, unless selling pressures appear to retest support levels again.