GBPUSD settles on a series of losses in its last trading on intraday basis, amid the attempts of looking for higher low to take it as a base to help it gain the required bullish momentum for its recovery, approaching from leaning in EMA50’s support, amid the emergence of negative signals from relative strength indicators, on the other hand, the main bullish trend remains dominant on short-term basis.

Bitcoin’s price declined during its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, indicating the continuation of the dominant selling pressures, which increases with the trading below EMA50, which turned into dynamic resistance that limits any near recovery attempts.

Noticing the emergence of negative signals from relative strength indicators, after offloading their oversold conditions, opening the way for recording more losses on near-term basis, preferring the continuation of the negative performance unless clear reversal technical signals appear.

Therefore, our expectations suggest a decline in BTCUSD in its upcoming intraday trading, if it settles below $80,000, to target $74,000 support.

Expected trading range is bewteen$74,000 support and $80,000 resistance.

Today’s forecast: Bearish

Crude oil prices declined in their last intraday trading, to break $63.50 key support, which represents the neckline of negative technical pattern that formed on short-term basis, which is the double top pattern, this decline was accompanied by the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording this decline.

On the other hand, the price remains benefited from the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend, especially with its trading alongside minor trend line on short-term basis, keeping the chances of a recovery and a bullish rebound valid in the upcoming period.

Therefore, we expect crude oil to decline in upcoming intraday trading, if it settles below $63.50 to target $61.50 key support.

The expected trading range for today is between $61.50 support and $65.00 resistance.

Today’s forecast: Bearish

Silver prices (SILVER) declined in their recent intraday trading, affected by the continuation of the negative pressure due to its trading below EMA50, to confirm breaking short-term bullish trendline, which increased the extent of the negative pressures and weakened the chances of quick recovery.

On the other hand, we notice the emergence of positive overlapping signals on relative strength indicators after reaching oversold levels, helping the price to settle and enter fluctuating moves, to attempt to offload some of these oversold conditions, paving the way for potential deceleration in losses or a limited intraday rebound.

Accordingly, we suggest a decline in sliver’s upcoming intraday trading, by its stability below $90.00, to target $73.00 support.

The expected trading range is between $73.00 support and $93.00 resistance.

Today’s forecast: bearish