The (crude oil) price continued its cautious rise in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, but the price remains under negative pressure due to its trading below EMA50, making the recovery attempts useless until this moment, and it might decline in its upcoming trading.

(Gold) rose in the last intraday trading, affected by leaning on EMA50’s support, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, gaining renewed bullish momentum that helped it to achieve the gains, amid the dominance of the main bullish trend on the short-term basis.

The (EURUSD) declined in its last intraday trading, leaning on the key support level at 1.1655, this support represents our expected target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, with its trading alongside supportive trend line for this trend, besides the continuation of the negative pressure due to its trading below EMA50, forming intensifying pressure that might lead it to extend its losses on the near-term basis.

Zcash (ZECUSD) price recorded sharp losses in its latest intraday trading, affected by trading below its SMA50, which formed dynamic pressure that led to a break below a main short-term upward trend line. This has exposed the price to compounded negative pressure, especially as negative signals continue to emerge from the RSI, despite the indicator remaining within extremely oversold levels.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $450.00 resistance level remains intact, to target the first support at $370.00.

Today’s price forecast: Bearish