The (GBPUSD) price witnessed fluctuated trading on its last intraday levels, attempting to gather its positive strength that might help it to breach the critical resistance level at 1.3585, supported by the emergence of the bullish signals on the (RSI), after its success in offloading its overbought conditions, opening the way for achieving new gains, especially with the continuation of the positive signals that comes from its trading above EMA50, and under the dominance of the bullish trend on the short-term basis and its trading alongside bias line.
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The price of Bitcoin (BTCUSD) declined in its last intraday trading, amid sideways trading range that indicates its continued attempts to gain bullish momentum that supports its upside track, with the dominance of the bullish correctional trend on the short-term basis, with the stability of the trading alongside supportive bias line for this trend, which makes the trading settles despite the intraday pressure.
The price takes advantage of its stability above EMA50, which represents dynamic support that reinforces the stability of the positive scenario. At the same time the (RSI), began showing positive overlapping signals after offloading the previous overbought conditions, to indicate regaining momentum gradually and supporting the continuation of the bullish trend.
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The (crude oil) price rose in the last intraday trading, to return to hit the EMA50, accompanied by testing the critical resistance at $62.85, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the trading alongside bias line that indicates the strength of the negative track.
On the other hand, the (RSI) shows negative overlapping signals after offloading the oversold conditions in its previous moves, indicating the weakness of the bullish momentum of the last rise, and limits the price’s ability to surpass its current resistance.
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The (Gold) price declined in its last intraday trading, amid its attempts to gain new bullish momentum that might support its recover and its return to rise, at the same time it is attempting to offload the clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, increasing the negative pressure on its previous trading.
Despite this intraday pressure, the main bullish trend remains the dominance on the technical scene, supported by the trading above the EMA50, and the trading alongside supportive minor bias line on the short-term basis reinforces the stability of the positive trend, providing flexibility for the price against the limited declines.
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