The (GBPUSD) price declined sharply in its last intraday trading, after its attempts to gain the required positive momentum to assist it to attack the critical resistance level at 1.3600, to lean on the support of its EMA50.

This performance comes with the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, besides the beginning of the positive signals on the indicators, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

The price of Bitcoin (BTCUSD) rose slightly in its recent intraday trading, affected by a negative technical formation on the short-term basis that weakens the chances for the continuation of the recovery (rising wedge pattern), especially as it remains under the pressure of its trading below the EMA50, which forms a dynamic resistance against the rising attempts,

Noticing the continuation of the negative signals on the (RSI), after reaching overbought levels previously, reinforcing the possibilities for the return of the decline if the price couldn’t gather a real positive momentum that pushes it to breach the near resistance levels.

The (crude oil) moved higher slightly in its last intraday trading, after it began the week’s trading with clear gains, but it bounced lower to shrink a big part of its gains, affected by the emergence of the negative signals on the (RSI), after reaching exaggerated oversold levels.

The main bullish trend remains the dominance on the short-term basis, with the continuation of the trading alongside a bullish bias line, reinforcing the possibility for regaining the positive momentum, especially if it succeeds in offloading the current overbought conditions, which might ease the way for a new bullish wave.

The (Gold) price couldn’t keep its early gains, as it bounced back to the downside in its last intraday trading, targeting offloading the clear overbought conditions on the (RSI), especially with the emergence of the negative signals on them, gathering its positive strength, indicating the possibility for the continuation of the bullish pressure on the short-term basis.

This decline comes amid the dominance of the bullish correctional trend until this moment, supported by the trading alongside the bias line, and its continuation above its EMA50, reinforcing the chances for the recovery by the stability of the technical support levels against the upcoming moves.