EURUSD gets rid of its negative pressure -Analysis-20-06-2025
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.
Evening update for Bitcoin (BTCUSD) -19-06-2025
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.
Evening update for crude oil -19-06-2025
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.
Evening update for Gold -19-06-2025
The (Gold) keeps its fluctuated trading in its last intraday trading, within the contradiction between the technical signals, the price gets support from the (RSI) indicators that began to provide positive signals after entering the oversold levels, which suggest a short-term bullish rebound, on the other hand, the pressure remains valid due to breaking the bullish trend line on the short-term basis, besides the continuation of the trading below its EMA50, and the technical scenario remains prefer the negativity unless regaining this average and closing above it.
The gold trading remains confined within a cautious range, waiting for a critical signals to confirm the upcoming trend, by the return to a new technical support levels or a clear breach to near resistance levels.