The (GBPUSD) price continued its decline on its last intraday trading, affected by breaking a bullish correctional bias line on a short-term basis, supported by the emergence of the negative signals on the (RSI), despite reaching oversold levels, to lean on the support of its EMA50, which might reduce the upcoming losses temporarily.
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The price of Bitcoin (BTCUSD) declined in its last intraday trading, after it managed to offload the oversold conditions that were clear on the (RSI), but the effect of breaking the minor bullish bias on the short-term basis remains the dominant on its last trading.
Accompanied by the continuation of the negative pressure that comes from its trading below EMA50, intensifying the pressure on the price and reinforcing the chances of resuming the decline towards new support levels unless they manage to regain positive momentum.
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The (crude oil) price declined in its last intraday trading, after it managed to offload the clear oversold levels on the (RSI), taking advantage of its stability at the critical support at $62.00, providing some of the positive momentum that helped it to bounce higher temporarily.
The price reached the resistance of its EMA50, putting it under negative pressure that returns the dominance of the sellers, especially with the continuation of the minor bearish wave on the short-term basis, reinforcing the possibilities of resuming the decline towards new support levels.
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The (Gold) trading fluctuated on its last intraday levels, where it kept moving within minor bearish range on a short-term basis, indicating cautiousness and uncertainty, besides the continuation of the negative pressure due to stability below EMA50, which remains an obstacle against the price attempt to recover.
The (RSI) showed continued bearish signals, indicating the continuation of the seller’s dominance on the scene, increasing the possibility for the extension of the pressure towards new support levels unless showing strong rebound that changes the current technical image.
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