The GBPUSD declines affected by a negative technical formation -Analysis-11-06-2025
The (GBPUSD) price declined in its last intraday trading, affected by negative technical formation on the short-term basis(the rising wedge pattern), with a continuous negative pressure due to its trading below its EMA50, besides the emergence of the negative signals on the (RSI), after its success in offloading its oversold condition in previous trading, which opens the way towards recording several declines, to break the current support at 1.3490.
Bitcoin (BTCUSD) shows more positive signals -Analysis-11-06-2025
The price of Bitcoin (BTCUSD) settled high in its recent intraday trading, amid the continuation of the clear dominance of the main bullish trend, moving alongside a minor bullish bias line on the short-term bias, reflecting the strength of the bullish momentum, and reinforces the continuation of the trading above EMA50, providing extra dynamic support.
At the same time, the (RSI) began providing bullish signals, after it reached exaggerated oversold levels, to begin overlapping positively, which supports the possibility for rising in the upcoming trading, unless facing strong resistance that stops this momentum.
Crude oil declines affected by critical resistance -Analysis-11-06-2025
The (crude oil) declined in its last intraday trading, affected by the stability of the critical resistance at $64.75, accompanied by the emergence of the negative signals on the (RSI), which increased the selling pressure on the price, noticing that the price reached exaggerated oversold levels, showing a gradual weakness in the negative pressure.
On the other hand, the main bullish trend remains dominant on the short-term basis, with its trading alongside a bullish bias line, supported by its continuation above its EMA50, and the price attempts to gain new positive momentum, that might allow it to breach the critical resistance and resume the rise.
Gold looks for a clear trend -Analysis-11-06-2025
The (Gold) price rose in its last intraday trading, with a limited range of bullish trading, forming a flag pattern that is considered as a negative technical pattern, after the price affection by surpassing bullish channel’s range, indicating the possibility of the selling pressure continuation.
Accompanied by the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI), which formed a negative divergence, reinforcing the possibilities of the bearish wave’s extension.