GBPUSD rose in its last trading in the intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after forming positive divergence after reaching oversold levels, returning the bullish momentum preparing to attack the key resistance at 1.3350, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline, and there is positive dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the recovery on the near-term basis.
Bitcoin’s price witnessed fluctuation in its last intraday trading, affected by the emergence of the negative signals of the relative strength indicators after reaching overbought levels, which pushed it to fluctuate, looking for bullish momentum to recover and rise again.
The price is leaning on EMA5’s support, which provides strong technical base that supports the dominance of the bullish corrective trend on the short-term trading, especially with its trading alongside supportive trend line for this trend, keeping the chances of the gains return valid if the price manages to face the current selling power.
Crude oil settles with sharp decline during its recent intraday trading, after breaking a key support for a negative technical formation on the short-term basis(the rising wedge pattern), to surpass the EMA50’s support, intensifying the strength of the selling pressure and pushing it towards weaker levels.
the relative strength indicators began showing positive overlapping signals after reaching exaggerated oversold levels compared to the price move, which made it stabilized temporarily, opening the way for potential intraday rebound or calming the decline if it manages to keep this new technical support.
Gold declined in its recent intraday trading, moving within sideways range under the pressure of the resistance’s stability at $4,245, increasing the negative pressure on the price after breaking the EMA50’s support, which reinforces the likelihood of extending the decline to look for rising low to form a new recovery base in its upcoming trading.
Despite this intraday weakness, there are positive signals on the relative strength indicators after reaching strong oversold levels to provide a chance for a rebound in the future, especially with the dominance of the bullish trend on the short-term basis and the trading alongside supportive trend line for this trend.