GBPUSD declined in its last intraday trading, leaning on 1.3425 support, which represented an expected target in our previous analysis, gaining some bullish momentum that helped it to reduce some of its early losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides dynamic resistance that is represented by the trading below EMA50, which reduces the chances of its full recovery on near-term basis. 

Bitcoin’s price (BTCUSD) rose in its recent intraday trading, taking advantage of the stability of $65,000 support, which provided bullish technical momentum that helped it to achieve limited gains, these moves target offloading some of the oversold levels on relative strength indicators, especially with the emergence of positive overlapping signals that supports the likelihoods of the temporary recovery continuation.

The negative pressures remain valid, as the price is moving below EMA50, which represents dynamic resistance that decelerates any strong bullish attempts, making any current rises under pressure unless it manages to breach the near resistance levels. 

Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, conditioned by breaking $65,000 support, to target $70,000 support.

Expected trading range is bewteen$62,500 support and $70,000 resistance.

Today’s forecast: Neutral

Crude oil witnessed sharp and fluctuated trading on their last intraday trading, after opening the trading with strong bullish gap that allowed it to breach $69.50 resistance, however the price entered a quick wave to gather gains and take a breather and gain the required momentum to resume the rise.

Besides its attempts to offload overbought conditions on relative strength indicators, with the emergence of new negative signals, explaining the intraday decline after the gap, despite these pressures the price remains leaning on key dynamic support, represented by its trading above EMA50, with the main bullish trend dominance on short-term basis, keeping the positive overview valid.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, if $67.00 support settles, to target $75.00 resistance.

The expected trading range for today is between $67.00 support and $75.00 resistance.

Today’s forecast: Bullish

Silver prices witnessed fluctuating trading on the last intraday levels, affected by the emergence of the negative signals from relative strength indicators after reaching sharp overbought levels, in attempt to offload some of these conditions and calm the bullish momentum.

Despite these short-term pressures, the price leans on key dynamic support that is represented by its stability above EMA50, reinforcing the stability of the bullish corrective trend on short-term basis, especially with the continuation of its trading alongside supportive trend line for this track, keeping the chances of resuming the upside path valid if the current correction attempt ends.

Accordingly, we suggest a rise in sliver’s upcoming intraday trading, if it settles above $92.00, to target the psychological main resistance at $100.00.

The expected trading range is between $89.00 support and $100.00 resistance.

Today’s forecast: Bullish