GBPUSD kept rising in its last intraday trading, breaching the key resistance at 1.3435, this resistance represents a target in our previous analysis, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, besides the emergence of positive signals on relative strength indicators, despite its stability in overbought levels.
Bitcoin’s price declined in its last intraday trading, affected by the stability of the current resistance at $89,000, facing clear selling pressures accompanied by the emergence of negative signals on the relative strength indicators after reaching overbought levels, which might push the price to enter limited corrective move.
On the other hand, the price is leaning on EMA50’s support in attempt to gain bullish momentum that may help it to recover and resume the rise again, especially with the dominance of the bullish corrective trend on the short-term basis, and the continuation of its trading alongside supportive trend line for this trend.
Crude oil witnessed fluctuated trading on its recent intraday levels, while it is gathering gains after its previous strong gains, where the price attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals, which pushed it to enter temporary sideways move.
On the other hand, the bullish track remains valid, supported by the trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis, which provides a chance for building bullish momentum, opening the way for resuming its gains in the upcoming period.
Gold price surged high in its recent intraday trading, recording new all-time highs amid the dominance of the main bullish trend on the short-term basis, with its moves alongside supportive trendline for this track, besides the continuation of the positive dynamic pressure that comes from its trading above EMA50, indicating the strength of the dominant bullish momentum.
On the other hand, the relative strength indicators settled in overbought levels, but these conditions couldn’t reduce the rise, indicating a clear dominance for the buying powers in near sessions.