The (GBPUSD) price rose in its last intraday trading, after reaching our suggested target at q.3590 support, gaining positive momentum that affected its stability, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels.

This comes amid the dominance of bearish correctional wave on the short-term basis, with the continuation of the negative pressure that comes from the pair’s trading below EMA50, forming a dynamic resistance that prevents the pair’s recovery.

The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by breaking a bullish trend line on a short-term basis, representing negative signal that indicates losing the momentum of the last rise, accompanied by the continuation of the negative signals emerging on the (RSI), despite reaching oversold levels, indicating the dominance of the negative momentum on the price.

This decline came after breaking the support of EMA50, which increases the negative pressures and opens the way towards more of the downside movements on the near -term basis, unless it succeeded to regain this support or formed a new rising low that provides a chance to return the balance and rise again.

The (crude oil) declined slightly in its last intraday trading, to gather the gains of its previous rises, attempting at the same time to gain positive momentum that might assist it to rise again, noticing the beginning of negative overlapping signals appearance of the (RSI), after reaching overbought levels, to attempt to offload some of these conditions.

This comes amid the continuation of the price’s stability above the significant support ay $66.00, with its trading above EMA50, which represents a dynamic support that keeps the stability of the positive scenario.

The (Gold) price declined in its last intraday trading, in a correctional move to gather the gains of its previous rises, attempting to gain a positive momentum that might assist it to rise again, this decline comes amid the price success to surpass the negative pressure that comes from its previous trading below EMA50, to return to trade above it again, reinforcing the bullish overview on the short-term basis.

The emergence of the positive signals from the (RSI) after reaching oversold levels supported the recovery attempts, especially after breaching the positive falling wedge pattern that was formed on the intraday levels, opening the way for new bullish moves, conditioned by confirming the stability above the critical support levels.