The EURUSD pair declined in recent intraday trading after failing to break the key resistance level at 1.1655, which remained firm and pushed the pair lower again amid the continued dominance of the short-term corrective bearish trend. The EMA50 also continues to apply negative dynamic pressure as the pair trades below it, reinforcing the bearish outlook and limiting chances of a near-term recovery.
Meanwhile, relative strength indicators have started showing negative signals, with a bearish divergence forming after reaching heavily overbought levels, alongside the appearance of a negative crossover.
Bitcoin (BTCUSD) declined during recent intraday trading, to confirm breaking $77,000 support level, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which intensifies the negative pressure, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
Crude oil prices rose during recent intraday trading, after it managed to offload its overbought conditions on the relative strength indicators, gaining bullish momentum that helped it to rebound higher, to reduce a lot of these losses, preparing to attack the key resistance at $104.00, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.
Gold price declined in its recent intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, intensifying the negative pressures on the price, especially with the relative strength indicators reaching exaggerated overbought levels compared to the price move, as a clear negative signals for losing the positive momentum.