Bitcoin (BTCUSD) settles on series of consecutive losses during its recent intraday trading, reaching $60,000 support level, which was an expected target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the dominance of the main bearish trend, noticing the emergence of the negative signals from the relative strength indicators.
Crude oil prices declined during recent intraday trading, to reach $88.70 support level, this support was a potential target in our previous analysis, the bearish trend remains dominant on the short-term basis, with its trading alongside supportive trend line for this path, to surpass EMA50’s support, putting it under negative pressure in the upcoming near period, especially with the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions.
Gold prices deepened its losses during recent intraday trading, to break $4,400 support level, which represented expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, with the emergence of the negative signals from the relative strength indicators.
The EURUSD pair declined during its latest intraday trading, after reaching EMA50’s resistance, breaking the key support at 1.1590, deepening its losses to reach the next support at 1.1530, amid the dominance of the bearish trend on the short-term basis, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.