The (EURUSD) price witnessed fluctuating trading in its last intraday trading, affected by the continuation of the negative pressure of its trading below EMA50, reinforcing the stability of the main bearish trend on the short-term basis, and the price keeps moving alongside minor trend line that increases the strength of this bearish track and supports the dominance of the sellers.
At the same time, we notice that the relative strength indicators reached exaggerated overbought levels compared to the price move, to suggest forming a negative divergence that might increase pressure on the price, accompanied by the emergence of new negative overlapping signals, which might pave the way for extra bearish wave in the upcoming period.
The (BTCUSD) price deepened its losses in its recent intraday trading, breaking $90,000 support, with the emergence of negative signals on the relative strength indicators after reaching overbought levels, amid the dominance of the main bearish trend on a short-term basis and its trading alongside supportive trend line.
The (crude oil) declined in its last intraday trading, reaching the resistance of EMA50, which puts it under negative pressure especially after offloading its oversold conditions on the relative strength indicators, affected by negative technical formation on the short-term basis (the rising wedge pattern).
The (Gold) witnessed fluctuating trading on its last intraday levels, where it declined after hitting the resistance of its EMA50, attempting to gather its positive strength that might help it surpass this negative pressure, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold level, amid its trading alongside bullish trend line on the short-term basis.