The (USDJPY) surged high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, amid the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis that supports this track, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way fpr achieving more of the gains in the upcoming period.
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The (GBPUSD) price declined during its last intraday trading, due to the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and strength of the main bearish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of negative crossover on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure.
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Bitcoin (BTCUSD) price moved higher slightly in its last intraday trading, taking advantage of its stability above the critical support at $107,400, which provided bullish push that has reinforced by the emergence of the positive signals on the relative strength indicators, after reaching exaggerated oversold level, this mild improvement indicates the price attempt to offload the selling pressures and regaining some of its previous losses.
Despite this limited rebound, bitcoin price remains affected by the negative pressure that comes from its stability below EMA50, confirming the continuation of the dominant bearish trend on the short-term basis, and its trading alongside supportive trendline for this track.
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Crude oil price recorded a strong surge during its last intraday trading, supported by its stability above EMA50, which provided bullish momentum that allowed it to breach main bearish trendline on the short-term basis, this technical breach reinforces the possibilities of the bullish corrective wave and paves the way for achieving more of the gains in the near-term basis.
This rise occurred despite the emergence of bearish signs on the relative strength indicators after reaching clear overbought levels, indicating the strength of the positive pressure that dominates the trading until now, and confirms the continuation of the bullish momentum to face the potential selling pressures.
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