The (GBPUSD) price rose slightly in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold level previously, to offload this condition, which opens the way for recording more of the downside moves in its upcoming trading, especially with its move alongside a bearish correctional trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, forming an intensified negative pressure on the pair’s move.
The price of Bitcoin (BTCUSD) resumed its stability in bearish range in the intraday levels, amid its attempts to gain positive momentum that supports its recovery and return to the bullish track, these attempts accompanied by the price attempt to offload some of the clear overbought conditions on the (RSI), especially with emergence of negative signals on these indicators.
The main bullish trend remains valid on the short-term basis, supported by the trading above EMA50, besides its stability alongside a bullish bias line, providing a dynamic support base that might reinforce the chances for the bullish track return in its upcoming moves.
The (crude oil) settled low in its last intraday trading, accompanied by the emergence of negative overlapping signals on the (RSI), the indicators didn’t reach strong overbought levels, but the contradiction between it and the price move suggests forming a negative divergence, which might form temporary pressure on the price on the near- term basis.
The main trend remains bullish on the short-term basis, supported by its trading alongside a trend line, besides the continuation of EMA50’s support, reinforcing the chances for regaining positive momentum and heading towards new bullish attempts.
The (Gold) price continued its decline in its last intraday trading, affected by the dominance of the bearish correctional trend on the short-term basis and trading alongside a bias line, and the negative pressure remains valid due to the price stability below EMA50, indicating weakness in the bullish momentum.
On the other hand, the (RSI) indicators began showing positive overlapping after reaching oversold levels, assisting in calming the decline temporarily, and limiting the losses on the near-term basis, if there are extra technical signals to support the upcoming moves.