The (GBPUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, and the price attempts to gain positive momentum that might assist it to breach the critical resistance at 1.3585, with the continuation of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis.
The price of Bitcoin (BTCUSD) continued its strong rise its recent intraday trading, breaching consecutive resistance levels within a sharp buying wave, supported by its stability above its EMA50, and its continuation to move within bullish track alongside a minor bias line on the short-term basis.
This rise comes with the emergence of the positive signals on the (RSI), despite reaching overbought levels, which indicates the continuation of the bullish momentum and the strength of the demand in the markets.
The (crude oil) continued its rise in its last intraday trading, approaching from testing the critical resistance level at $64.75, this move comes amid the dominance of the bullish trend on the short-term basis, keeping its trading alongside a bullish bias, providing an extra technical support.
The price gets its positive momentum from its stability above its EMA50, besides the emergence of the positive signals on the (RSI), especially after its success in offloading its previous overbought conditions, which eases the way for more upside moves in its upcoming moves.
The (Gold) price declined in its last intraday trading, after it failed to surpass the resistance of its EMA50, accompanied by the stability of the critical resistance at $3,325 level, which formed a barrier against resuming the rise.
This decline comes within the continuation of the effect of surpassing minor bullish channel’s range, which returned the negative pressure on the price, besides the appearance of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared by the price move, reinforcing the possibilities for forming a negative divergence, which might push the price to form a bearish correctional wave on the near-term basis.