Crude oil price rose in its recent intraday trading, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above its EMA50, besides the beginning of the negative signals appearance on (RSI), after the price success in offloading its overbought conditions previously, despite the continuation of its rise, which indicates the strength of the dominant buying powers.
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Gold price declined in its recent intraday trading, to break a main bullish trend line on the short-term basis, representing a negative signal that suggests a potential change at the trend, accompanied by surpassing the support of the EMA50, which increased the negative pressures on the price moves, at the same time the (RSI) indicators began showing negative rebound signals, after reaching exaggerated overbought levels.
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The (EURUSD) declined in its recent intraday trading, to begin this week’s trading with a bearish price gap, which indicates the continuation of the negative pressures on the price, besides forming negative overlapping signals on the (RSI), after reaching overbought levels, increasing the possibilities for the price decline.
Therefore, our expectations suggest more of the downside movement for the EURUSD price in its upcoming intraday trading, if the price settles below 1.1260, to target the support at 1.1145.
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Bitcoin price witnessed fluctuated trading on its intraday levels, attempting to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from it, to gather its positive strength that might help it to recover and resume its strong rally again.
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