The (USDJPY) price opens this week with clear fluctuation, where it declined, attempting to gather the gains of its previous rises, and attempts to offload some of its clear overbought conditions on the (RSI), especially after the emergence of the negative signals from there, gathering its positive strength that might help it recover and rise again.
This came amid its trading alongside a bullish correctional trend line on the short-term basis, indicating the strength of this wave of dominance on the trading, taking advantage of the dynamic support that is represented by its trading above EMA50.
The (GBPUSD) price kept declining in its last trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, to get ready to break the current support at 1,3460, on the other hand, we notice the beginning of forming positive overlapping signals of the (RSI), after reaching oversold levels, which might reduce the losses in the upcoming period.
The price of Bitcoin (BTCUSD) rose in the last intraday trading, recording a new historical level in a strong week’s opening, amid the dominance of the bullish trend on the short-term basis, and the trading alongside a trend line, the price gets its support from its stability above EMA50, indicating the continuation of the positive momentum on the near- term basis.
The (RSI) indicators began showing negative signals, after entering clear overbought areas, which might decelerate the rise, and the price may be calm and fluctuated, before detecting the next trend clearly on the intraday basis.
The (crude oil) began this week trading calmly, attempting to gather its last gains, after a strong bullish wave, this temporary decline comes with offloading the clear overbought conditions on the (RSI) gradually.
The price remains supported by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, the continuation of this technical support beside gathering the bullish momentum might open the way for breaching critical resistance at $68.00 in the upcoming period.