GBPUSD declined in its last intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which led the pair to break main bullish trend line on short-term basis, reinforcing the chances of extending the bearish corrective wave on a short-term basis, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading the oversold conditions, which opens the way for recording more losses.

Bitcoin’s price rose in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators after reaching oversold levels, to surpass the negative pressure of EMA50, reinforcing the strength of the last rebound.

This positive performance comes with the continuation of the main bullish trend dominance on the short-term basis, with the trading alongside supportive line for this trend, which supports the chances of extending the gains in the near period unless contrary technical signals appear.

Crude oil prices declined slightly during the latest intraday trading, as part of natural profit-taking after a series of strong gains achieved recently, to rebuild the bullish momentum needed to help it break through the stubborn resistance level at $58.70.

This decline is accompanied by the attempts of offloading some of the clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, reflecting a temporary cooling in momentum, after surpassing the negative pressure of EMA50, which keeps the chances of resuming the rise on the near-term basis valid.

Gold declined in its recent intraday trading with fluctuating moves, as it witnessed quick profit-taking following the gains it achieved recently. This came after its rebound from relying on the support of its EMA50, which provided a technical base that helped it resume positive performance.

This limited decline comes amid the continuation of the main bullish trend dominance on the short-term basis, with the trading alongside supportive trend line for this track, beside the emergence of the positive signals from the relative strength indicators, which keeps the chances of extending the gains valid in the near-term basis despite the current fluctuation.