The (GBPUSD) price rose sharply in its last intraday trading, due to the stability of the support level at 1.3440, testing a bullish correctional bias line on the short-term basis, gaining bullish momentum that supports this strong rise, that led it to get rid of the negative pressure of the EMA50, on the other hand, the (RSI) reached overbought levels, with the emergence of negative overlapping signals, which might reduce the upcoming gains of the pair.
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The price of Bitcoin (BTCUSD) settles low in its last intraday trading, after it failed to surpass the critical resistance level at $112,00, to remain under negative pressure due to its stability below EMA50, reinforcing the strength of the resistance and weakens the chances for the price recovery on a short-term basis.
The bearish trend remains the dominant with its trading alongside a bearish bias line, accompanied by the negative overlapping signals on the (RSI) after reaching overbought levels, confirming the possibility of the continuation of the selling pressures in the near period.
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The (crude oil) price declines in the last intraday trading, affected by the stability of the critical resistance at $64.00, which represents our target and that formed an obstacle against extending the last gains, this decline comes within natural move to gather the gains, while the bullish momentum remains valid with the price stability above EMA50.
Despite the (RSI) entering to the overbought levels, the bullish correctional trend remains the dominant on the short-term basis, besides its stability on a supportive bias line, which might provide a new chance for attempting to breach the mentioned resistance, and open the way for higher levels.
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The (Gold) price declined in its last intraday trading after recording its highest level in two weeks, to gather some of its previous gains, to catch its breath before any new trading, this decline comes amid its trading above EMA50, as a sign for keeping the technical support valid despite the intraday decline.
The bullish trend remains dominant on the short-term basis with the continuation of its trading alongside a supportive bias line, supported by the negative signs from the (RSI), reinforcing the possibilities for the rise return unless it keeps the positive performance.
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