The (GBPUSD) price rose in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, besides the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, with the emergence of the positive signals form there, reinforcing the bullish overview around the price.

The price of Bitcoin (BTCUSD) surged high in its recent intraday trading, to breach the current resistance level at $1.8,000, as a clear signal for renewing the buying momentum, this rise was supported by the continuation of the bullish overview on a short-term basis.

The price was affected by its exit from the bearish correctional channel’s range that limited its move previously, supported by the (RSI) after it began showing clear bullish signs, after reaching oversold levels, which indicates the continuation of the bullish trend in its upcoming moves.

Therefore, our expectations suggest a rise for the (BTCUSD) price in the upcoming intraday sessions, conditioned by confirming breaching the resistance at $108,000 with a good close above it, to target its next resistance at $110,500.

The expected trading range is between $107,000 support and $110,500 resistance.

Today’s forecast: Bullish

The (crude oil) declined in its last intraday trading, amid the dominance of the bearish correctional trend on the short-term basis, and the continuation of the negative pressure that comes from the stability of the trading below its EMA50, the price exit a negative technical formation by its last decline, which is represented by the bearish flag pattern, increasing the possibilities for resuming the decline.

The emergence of negative signals from the (RSI) reinforces this scenario, especially after reaching oversold levels, which indicates the weakness of the bullish momentum, and reinforces the chances for the continuation of the decline in the upcoming trading.

Therefore, we expect a decline in (crude oil) prices in the upcoming intraday trading, by breaking the support at $63.70, to target its next support at $59.75.

The expected trading range is between $61.50 support and $66.40 resistance.

Today’s forecast: Bearish

The (Gold) price declined in its last intraday trading amid fluctuated trading, where it reached our previous target at $3,250 support level in the beginning of this week, this decline let the price gain some positive momentum, which assisted it to rebound higher and shrink big part of its early losses.

This rebound reinforces the beginning of forming positive divergence on the (RSI), with the emergence of the positive signals, however the overall technical overview remains affected by the negative pressure, amid the continuation of the bearish correctional trend dominance on the short-term basis, which moves alongside a bearish bias line.

Therefore, our expectations suggest a rise on the (Gold) prices in the upcoming intraday trading, conditioned by the stability of the support at $3,250, to target retesting the main resistance at $3,300.

The expected trading range is between $3,220 support and $3,320 resistance.

Today’s forecast: Bullish