GBPUSD declined in its last trading in the intraday trading, due to the stability of the resistance at 1.3415, which represents potential target in our previous analysis, to gather the gains of its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals.
This comes amid the dominance of the bullish trend on the short-term basis with its trading alongside supportive trend line, besides the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.
Bitcoin’s price rose in its last intraday trading, taking advantage of the positive signals’ emergence on the relative strength indicators after reaching clear oversold levels, getting rid of the negative pressure of EMA50, this improvement returned the momentum, which supports its attempts to return to the bullish track.
This performance comes amid the dominance of bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this track, to target and attack the stubborn key resistance at $94,000, despite the strength of this level, the previously gains momentum might provide a chance for breaching this resistance.
Crude oil extended its gains in its recent intraday trading, in attempt to recover some of its previous losses, taking advantage of the beginning of positive signals on the relative strength indicators, after reaching clear oversold levels, this relative improvement indicates suggest a breath-taking phase and forming limited rebound on the intraday basis.
Despite the recovery, crude oil is moving under clear pressure due to its stability below EMA50, reinforcing the dominance of the bearish trend on a short-term basis, especially with its trading alongside steep minor bearish trend line, therefore, its gains remain vulnerable to decline unless the price manages to surpass the negative factors.
Gold witnessed slight decline in its recent intraday trading, gathering the gains of the previous strong rises, attempting to gather its bullish momentum, paving the way for a new rising attempt, after breaching key resistance at $4,245, which represents a potential target for our previous analysis.
Gold gets its current support by the continuation of its trading above its EMA50, reinforcing the positive pressure on the near-term basis, accompanied by the emergence of the positive signals on the relative strength indicators despite the overbought condition, and the bullish trend remains the dominant on the short -term basis, with the continuation of the trading alongside supportive minor trend line for this trend.