Bitcoin (BTCUSD) oil price settled on a rise in its recent intraday trading, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside a bias line, taking advantage from the dynamic support that comes from its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI) indicators, which decreased the last gains of the price, to notice reaching exaggerated oversold levels compared by the price current move, as a signal for ending gathering positive momentum.
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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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