The (GBPUSD) price declined in its last intraday trading, due to the negative pressure after hitting the resistance of EMA50, attempting to gain bullish momentum that might help it to get rid of the negative pressure, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for this trend, with the emergence of the positive signals on the (RSI).
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The price of Bitcoin (BTCUSD) declined in its last intraday trading, after its attempts in its early trading to recover some of the previous losses, supported by positive signals from the (RSI), but the price reached the critical resistance level at $112,000 which put it under negative pressure due to the stability of this resistance.
This decline comes amid the continuation of the selling pressure due to trading below EMA50, and the main bearish trend remains dominant on a short-term basis, where it moves alongside a supportive bias line for this bearish trend.
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The (crude oil) price continued its decline in the last intraday trading, attempting to look for a rising low that might form a new base for a rise that reinforces the recovery chances, leaning on the support of EMA50, and the bullish correctional wave remains the dominant on the short-term basis.
At the same time, the (RSI) reached sharp oversold levels, reinforcing the possibilities to begin forming positive divergence, with the emergence of bullish overlapping signals, which eases the way for the return to the positive track soon.
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The (Gold) price declined in its last intraday trading, affected by the profit- taking after its previous gains, attempting to gain bullish momentum that might reinforce the chances for its recovery and return to the upside again, amid the dominance of the main bullish trend, with the trading alongside minor supportive bias line for this trend.
The yellow metal gets its support above EMA50, besides the positive signals that come from the (RSI), despite reaching overbought levels, opening the way for limited correctional move before resuming the rise.
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