The (GBPUSD) price rose in its last intraday trading, affected by the stability of the critical and support level at 1.3410, providing positive momentum that assisted the pair to achieve these gains, and attempts to recover some of its previous losses and attempts to offload some of its clear oversold condition on the (RSI), especially with the beginning of positive overlapping signals appearance.
The price affected by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, showing that the pair’s rise is temporary before resuming the losses again.
The price of Bitcoin (BTCUSD) rose in its recent intraday trading, due to its lean on a main bullish trend line on the short-term basis, providing positive momentum that assisted it to achieve these gains, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels, exaggeratedly compared by the price move, which forms a positive divergence , which will increase the positive pressure on the price.
On the other hand, a minor sharp bearish wave dominates the trading showing its strength, with the continuation of the negative pressure that comes from its trading below EMA50, which indicates that the rise might be temporary.
The (crude oil) declined in its last intraday trading, gathering the gains of its last rises, and attempts to gain a positive momentum by offloading some of its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor bias lines, reinforcing the stability of this positive trend.
The (Gold) price settled low in its last intraday trading, moving in limited sideways range trading, to target gaining the required positive momentum to recover, taking advantage of the dynamic support that is represented in its trading above its EMA50, and under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line.
Accompanied by the emergence of the positive signals on the (RSI) after reaching oversold levels previously, to notice reaching exaggerated overbought levels compared by the price move, which suggests losing the positive momentum of the price and providing more of the sideways moves on the intraday levels.