The (GBPUSD) price settled on strong rise in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50. The pair attempts to correct the main bearish trend on the short-term basis, amid its trading alongside a supportive bias line for this trend, noticing that the (RSI) have reached overbought levels, with the beginning of negative overlapping signals appearance, which might obstacle the rise on the intraday level.
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The price of Bitcoin (BTCUSD) declined in its last intraday trading, after it failed to breach the critical resistance level at 115,600, which proofed its strength again to prevent the rising attempts, accompanied by the price reach to EMA50, which increased the negative momentum and pushed the price to decline.
This comes amid the continuation of the bearish correctional trend dominance on the short-term basis, where the price is moving alongside a bearish bias line that reinforces this trend, the absence of clear technical signals on the (RSI) keeps the selling pressure is the dominant on the price in the near-term basis.
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The (crude oil) price recorded a rise in its last intraday trading, supported by its stability at the support level of $63.35, which represents the potential target in our previous reports. This technical rebound provided positive momentum and helped the price to reduce its last losses, in attempt to recover some of the recent declines.
Despite this rise, the overall scenario remains under the dominance of minor bearish wave on the short-term basis, besides the continuation of the negative pressure due to the trading below EMA50, and the (RSI) show negative signals after their reach to overbought levels, indicating the weakness of the current rise.
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The (Gold) price rose in its last intraday trading, to settle above the stubborn and significant resistance at $3,375, as the price attempted to breach this level many times since yesterday. This positive performance comes amid the dominance of strong bullish wave on the short-term basis, supported by the trading above EMA50, which provides significant dynamic support for the bullish movement.
On the other hand, the (RSI) began showing new positive signs after offloading the overbought conditions, this technical improvement provides extra momentum, which might reinforce the chances for the continuation of the rise and targeting new resistance levels, conditioned by surpassing the current barrier with a stable close.
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