The (Gold) price declined in its last intraday trading, affected by breaking the bullish correctional trend on a short-term basis yesterday, accompanied by surpassing the support of its EMA50, increasing the negative pressure.
This decline comes with the emergence of negative overlapping signals on the (RSI), that succeeded in offloading its previous oversold conditions, opening the way towards downside moves if the negative pressure continued, besides the clear technical break for the trend line, reinforcing the chances for targeting new support levels, especially if there weren’t any clear reversing signals on the near period.
The (EURUSD) soars high in its last intraday trading, continued expanding its gains in strong and sudden move, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels.
This rise helped to break the previous weakness, after surpassing the resistance of the EMA50, surpassing its negative pressure, to create a main bullish trend line on the short-term basis, reinforcing the chances for the continuation of the positive momentum.
Despite this strong rise, monitoring the price behavior when reaching the near support levels is necessary, especially with the approach of the momentum indicators from the overbought levels again, which might put temporary pressure on the upcoming trading.
The (BTCUSD) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below its EMA50, with the beginning of the negative signals emergence on the (RSI), after reaching overbought levels, to lean on the support of a main bullish trend on the short-term basis, in a last attempt to gain the positive momentum that might assist it to rise again.
The (crude oil) soars high in its last intraday trading, surpassing the critical resistance level at $75.00, supported by the emergence of the positive signals on the (RSI), after it succeeded to in offloading its overbought conditions, amid the dominance of the main bullish trend and its trading alongside the minor and main bias lines.