GBPUSD declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators after reaching overbought levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the bearish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this negative track.

Bitcoin’s price (BTCUSD) declined in its recent intraday trading, to break $65,000 key support, in negative technical signals that indicate increasing the selling pressures and the acceleration of the decline, this comes amid the stability and dominance of the main bearish trend on short-term basis and confirms the weakness if any previous rebound attempts.

This decline is accompanied by offloading the oversold conditions on relative strength indicators, opening the way for the continuation of the bearish track without clear momentum obstacles on near-term basis.

Crude oil prices declined in a limited corrective move, accompanied by the emergence of negative signals from relative strength indicators, in attempt to calm the previous momentum and rebuild balanced base, this decline comes to recharge the buying powers, paving the way for regaining the bullish track, without changing the main trend.

The price gets strong dynamic support due to its stability above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its organized moves alongside supportive trend line for this path, keeping the bullish overview valid if the price keeps these technical support levels, while breaking it may signal a deeper shift in the structure of the move.

Silver prices declined in limited corrective move in their last intraday trading, within a natural profit-taking phase after the previous bullish wave, without changing the overall technical outlook, and the price keeps its bullish support that comes from its stability above EMA50, accompanied by the continuation of minor bullish wave on short-term basis, indicating the stability of the bullish scenario valid until now.

This decline comes in the context of an attempt to unwind part of the overbought conditions on relative strength indicators, with the emergence of negative signals from there, to rebalancing momentum before resuming the upward move, so the stability above its dynamic support reinforces the recovery chances and extend the gains in the upcoming period.