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.
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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.
MoreCrude 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.
MoreSilver 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.
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