GBPUSD declined in its last intraday trading, to confirm breaking 1.3630 key support, which was an expected target in our previous analysis, and it represents a negative short-term technical formation (the double top pattern), which confirms the dominance and strength of the bearish corrective trend on short-term basis, especially with its trading below EMA50, accompanied by the emergence of negative signals from relative strength indicators, despite reaching oversold levels.

Bitcoin’s price recorded slight and cautious gains in its last intraday trading, and it remains moving alongside minor bearish trend line that imposes the short-term basis, this trend gets extra support by trading below EMA50, keeping the negative pressures valid and limiting the chances of any near-term recovery.

Warnings are increasing with the emergence of negative signals from relative strength indicators, especially after reaching exaggerated overbought levels compared to the price move, reinforcing the likelihoods of sellers’ dominance return.

Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, especially if it settles below $68,000, to target the initial support at $64,000.

Expected trading range is bewteen$63,000 support and $68,000 resistance.

Today’s forecast: Bearish

Crude oil prices keep their sharp losses in their last intraday trading, after confirming breaking main bullish trend line on short-term basis, opening the way for more negative pressures, increasing this pressure with the continuation of the trading below EMA50, reinforcing the negative overview.

There are attempts to take a breather, with the beginning of forming positive overlapping on relative strength indicators, after reaching exaggerated oversold levels, while might assist to slow the pace of losses or limit it temporarily on a near-term basis.

Therefore, we expect crude oil to decline in upcoming intraday trading, conditioned by holding below $63.50 resistance, to target $61.35 support.

The expected trading range for today is between $61.35 support and $63.50 resistance.

Today’s forecast: Bearish

Silver prices (SILVER) rose slightly in their recent intraday trading, in attempt to recover its previous losses, accompanied by its attempts to offload the clear oversold conditions of relative strength indicators, with the emergence of positive overlapping signals that might provide some temporary support.

On the other hand, the bearish corrective trend remains dominant on short-term basis, with the continuation of the dynamic negative pressure due to its trading below EMA50, which limits the chances of achieving strong sustainable recovery on near-term basis.

Accordingly, we suggest a decline in sliver’s upcoming intraday trading, especially if it settles below $78.50, to target the initial support levels at $70.80.

The expected trading range is between $70.80 support and $81.60 resistance.

Today’s forecast: Bearish