The (GBPUSD) price settled low in its last trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, approaching form the current support at 1.3415 preparing to break it, on the other hand, we notice the emergence of the positive overlapping signals on the (RSI), after reaching oversold levels, providing some intraday bullish rebounds, to attempt to offload some of these conditions.
The price of Bitcoin (BTCUSD) declined in the last intraday trading, in attempt to find a new rising low to form a new bullish base that supports its recovery and the return of the positive momentum, this decline comes within the continuation of the negative signals on the (RSI), which indicates the weakness on the buying momentum.
Despite this pressure, the (RSI) indicates entering exaggerated oversold levels, which suggest the beginning of forming positive divergence, accompanied by the dominance of the main bullish trend on the short-term basis, and the price is trading alongside a bullish bias line, which provides a chance for regaining its balance on the near-term basis.
The (crude oil) kept declining in its last intraday trading, amid an increasing technical pressure to surpass the support of EMA50, due to the continuation of the negative signals from the (RSI), despite entering clear oversold levels, indicating the dominance of the bearish momentum on the near-term basis.
Breaking a main bullish trendline on the short-term basis is considered as an extra negative signal that might ease the way for more downside movements, unless there are strong reversing signals to stop this technical bleeding in its upcoming trading.
The (Gold) price witnessed a slight improvement in its last intraday trading, after a previous bearish wave that has used to form a new base to the price to rise, this improvement came amid the dominance of the main bullish trend on the short-term basis, with the continuation of the trading alongside a minor bias line, reinforcing the chances for the recovery gradually.
Gold price gets technical support by its stability above the EMA50, besides signs for a positive divergence that begins to appear on the (RSI), after reaching exaggerated oversold levels, reinforcing the possibilities for resuming the rise, especially with the beginning of positive overlapping signals emergence on these indicators, easing the way for new bullish waves.