GBPUSD witnessed fluctuating trading on its last intraday levels, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and strength of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this track, especially with the emergence of the positive signals from the relative strength indicators, attempting to gain bullish momentum that might help it to recover and target new resistance levels.
Bitcoin’s price declined in its last intraday trading, affected by the continuation of the negative pressure due to its trading below EMA50, approaching breaking $87,000 key support, which might intensify the selling pressures and open the way for more downside movements on a near-term basis.
On the other hand, there are technical signals supporting stability, and there are positive overlapping signals emerging from the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, which might help to stop the losses temporarily or support a limited rebound in the upcoming period.
Crude oil rose slightly during its recent intraday trading, within fluctuating trading, accompanied by gathering the gains of the price’s previous rises, besides its attempts to offload some of the clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals indicating temporary calm.
This performance comes amid the dominance of bullish corrective wave on the short-term basis, where the price is moving alongside supportive trend line for this track, besides the continuation of the dynamic support that comes from its trading above EMA50, which helped the price to regain its bullish strength and attempt to rise again after ending the profit-taking phase.
Gold price rose in its recent intraday trading, attempting to recover some of its previous losses, to attempt to recover some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them.
This improvement comes with the continuation of the negative pressures, affected by breaking minor bullish trend line previously, besides its trading below its EMA50, forming dynamic pressure to reduce the chances of achieving sustainable recovery in the near period.