GBPUSD settles on a decline in its last intraday trading, with the emergence of negative signals on the relative strength indicators, to continue its attempts to gain bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this trend.
Bitcoin’s price declined in its last intraday trading, surpassing the key support level at $85,500, to confirm breaking this key support, indicating a rise is the selling pressure on the price, especially with its trading alongside minor bearish trend line on the short-term basis, and the continuation of the negative track dominance on the trading.
This negative scenario is reinforced by the stability of the price below its EMA50, representing a dynamic resistance that decelerates any recovery attempts, accompanied by the emergence of the negative signals on the relative strength indicators, after offloading some of its oversold levels, opening the way for recording more losses in the upcoming period.
Crude oil declined in its recent intraday trading, due to the continuation of the key resistance stability at $56.40, pushing the price to enter new bearish wave, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside supported minor trend line for this negative track.
This decline is accompanied by the continuation of the negative pressure that comes from trading below EMA50, reducing the chances of its recovery on the near-term basis, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, reinforcing the possibilities of the selling pressure continuation.
Gold price declined in its recent intraday trading, amid its attempts to gain bullish momentum that might help it recover again, to enter the range of fluctuating trading, indicating a state of anticipation, especially with the emergence of negative signals on the relative strength indicators, which imposes some intraday pressures on its trading.
The dynamic support that is represented by the trading above EMA50 remains valid, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, which keeps the chances of a recovery valid in the upcoming period.