Crude oil price fluctuated during its last trading, attempting to gain the required positive momentum to breach the solid resistance at $61.75, supported by the continuation of its trading above EMA50, indicating the dominance of the steep bullish corrective wave, that confirms the strength of the current trend.
Accompanied by the relative strength indicators reaching exaggerated oversold levels compared to the price move, providing extra push that reinforces its potential gains in its upcoming trading, preferring the continuation of the bullish momentum, if the price kept its trading above the main support levels.
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The (Gold) price declined in its last intraday trading, affected by the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of its recovery on the near-term basis, reinforcing the dominance of the bearish corrective wave that limits its attempts to return to the bullish track.
At the same time, we notice the emergence of negative crossover on the relative strength indicators, after offloading previous oversold conditions, intensifying the negative pressure around the price, and paving the way for potential extension for the decline in its upcoming trading.
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The (EURUSD) price extended its gains in its recent intraday trading, to confirm surpassing the negative pressure of the EMA50, accompanied by breaching the current resistance at 1.1630, indicating the stability of the dominant bullish corrective trend on a short-term basis, with the price’s trading alongside supportive trendline that reinforces the positive track.
At the same, we notice the emergence of the positive signals on the relative strength indicators, after offloading its previous overbought conditions, opening the way for continuing the rise and targeting new resistance levels in the upcoming period.
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The (BTCUSD) price declined in its recent intraday trading, due to the stability of the critical resistance level at $111,000, attempting to gain bullish momentum that might help it to breach this resistance, and it is attempting to offload some of it clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, and there is dynamic support that is represented by its trading above EMA50, affected by breaching bearish trendline on the short-term basis.
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