The (crude oil) price declined in its last intraday trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.

Gold price rose in its last intraday trading, due to its leaning on $5,100 key support level, gaining bullish momentum that helped it to rebound higher, amid the dominance of the minor bullish trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the positive pressure due to its trading above EMA50, noticing the emergence of positive overlapping signals from relative strength indicators, after reaching exaggerated oversold levels compared by the price move, to indicate forming positive divergence.

(EURUSD) moves in fluctuating trading on its last intraday levels, taking advantage of the stability of 1.1775 key support, taking advantage of positive signals from relative strength indicators, amid the dominance of the bearish corrective trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis.

Ethereum Classic (ETCUSD) price recorded a decline in its latest intraday trading, amid continued negative pressure resulting from trading below its 50-day SMA, which reinforces the stability and dominance of the main short-term bearish trend and increases the surrounding downside pressure. This comes alongside the emergence of negative signals from the Stochastic indicator, despite reaching deeply oversold levels.

Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, targeting the nearby key support level at $7.85, with strong chances of breaking below it.

Today’s price forecast: Bearish