USDJPY is under the dominance of sideways moves in its last intraday trading, attempting to gain bullish momentum that might help it to keep the short-term bullish trend, especially with its trading alongside a supportive trend line for this path, besides a positive pressure due to its trading above EMA50, which reinforces the chances of a recovery with the emergence of positive signals from the relative strength indicators after reaching oversold levels.
GBPUSD declined in its recent intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, which represents dynamic resistance that reinforces the dominance and stability of the main bearish trend on short-term basis, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, intensifying the negative pressure and suggesting more losses in its upcoming near trading.
Bitcoin (BTCUSD) fluctuated in its last intraday level, amid the continuation of the cautiousness in the markets, and the selling pressure is the key factor in detecting the short-term trend.
The trading remains below EMA50, which is acting as dynamic resistance and limits the chances of sustainable recovery, accompanied by the trading alongside bearish trend line that reinforces the stability of the main bearish trend, with the negative signals from the relative strength indicators that indicates the weakness of the buying momentum, which keeps possibility of continuing the selling pressure and recording downside moves in the near term, unless the price managed to breach key technical levels.
Crude oil prices rose slightly in its last intraday trading, in attempt to recover part of its previous losses, and attempts to offload some of its oversold conditions on the relative strength indicators, especially with the beginning of the positive signals from them.
this comes amid the continuation of the negative pressure that come from its trading below EMA50, reducing the chances of sustainable recovery in the near period, especially with the dominance of the main bearish trend on the short-term basis.