The (GBPUSD) price declined slightly in its last intraday trading, due to the stability of the key resistance at 1.3185, attempting to gain bullish momentum that might help it to recover and breach this resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the strength of corrective bullish wave on the short-term basis especially with its trading alongside trendline.
Bitcoin (BTCUSD) rose in its last intraday trading, depending on the stability of the key support of $93,000, which represents a target in our previous analysis, providing bullish momentum that helped it record these gains, to recover some previous losses, and attempts to offload the oversold conditions of the relative strength indicators, with the emergence of positive overlapping signals that support the likelihoods of the intraday improvement continuation.
Crude oil prices declined in their last intraday trading, after reaching EMA50’s resistance, putting it under clear selling pressure, which has increased with the negative signals of the relative strength indicators after reaching overbought levels, to indicate losing the bullish momentum.
This comes amid the main bearish trend dominance, with the trading stability within minor bearish channel’s range that reinforces the negative track, keeping the negative scenario preferred due to the extension of the pressure on the near-term basis unless it returns to trade above the key resistance of the trend line and returns above its moving average.
Gold rose slightly in its last intraday trading, leaning on the support of its EMA50, providing bullish momentum that helped it recover these last gains, accompanied by the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, to indicate improving the near-term basis momentum.
This bullish performance reinforces the dominance of the main bullish trend, besides the continuation of minor bullish wave’s effect on the short-term basis, accompanied by the trading alongside supportive trend line for this track, these technical data open the way for extending the gains in the upcoming period.