Bitcoin (BTCUSD) is deepening its losses in its last intraday trading, to break main bullish trend line on the short-term basis, accompanied by surpassing EMA50’s support, facing intensified negative pressure to change our scenario to the downside, especially with the emergence of the negative signals from the relative strength indicators.
Crude oil prices rose during recent intraday trading, taking advantage of the positive signals from the relative strength indicators, with the continuation of the dynamic pressure that is represented by its trading above EMA50, which provides the renewed positive momentum and keeps the positive track on the short-term basis.
Gold declined during its recent intraday trading, breaking $4,700 key support level, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, moving alongside minor bearish trend line.
The EURUSD price declined during its recent intraday trading, affected by reaching EMA50’s resistance, which put it under the negative pressure and that intensified with the formation of negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of the negative signals from them, affected by breaking bullish trend line on the short-term basis.