The (GBPUSD) price rose in its last intraday trading, after yesterday’s decline due to the stability of the critical resistance at 1.3590, attempting to gain positive momentum that might assist it to breach this resistance, to lean on a bullish correctional bias on the short-term basis, which led the (RSI) to reach oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence, which might push the price to achieve more of the gains with the continuation of the positive pressure due to its trading above EMA50.

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The price of Bitcoin (BTCUSD) rose in its last intraday trading, in a limited attempt to recover some of yesterday’s losses, taking advantage of the attempts to offload the clear oversold conditions on the (RSI), with the beginning of positive overlapping signals that support potential temporary recovery.

On the other hand, the negative pressure remains valid after breaking a minor bullish trend line on the short-term basis, declining below EMA50’s support weakened the strength of this support and increased the possibility for more downside moves on the near-term basis. 

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The (crude oil) price extended its gains in its last intraday trading, taking advantage of the support’s stability at $62.00, besides breaching minor bearish trend line on the short-term basis, providing positive momentum that allows it to recover some of its previous losses.

Despite this rise, the negative pressure remains valid by the trading below EMA50, which limits the recovery expectation on the near-term basis, and the (RSI) reach overbought levels besides the emergence of negative divergence with the negative overlapping signal might indicate a possibility for losing the current momentum and entering new bearish wave.

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The (Gold) settled in its last intraday trading, after breaking a minor bullish trend line on the short-term basis, reinforcing the selling pressures, amid the continuation of its trading below EMA50, that formed a barrier against any recovery attempt in the previous period, confirming the weakness of the dominance positive momentum.

The negative signals keep emerging on the (RSI), despite reaching oversold levels, indicating the continuation of the seller’s dominance on the technical scene, and increasing the possibilities for targeting lower support levels if they fail to bounce soon.

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