The (crude oil) declined in its last intraday trading, to gain a bullish momentum to help it to resume its early gains, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis, with the beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals.
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The (Gold) price rose in its last intraday trading, due to the stability of the support at$4,050, gaining bullish momentum that helped it to achieve these gains, especially with the emergence of positive signals on the relative strength indicators, after reaching oversold levels, amid the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of the bearish pressure that comes from its trading below EMA50, and under the dominance of bearish corrective wave on the short-term basis.
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The (EURUSD) settled high in its last intraday trading, testing the critical resistance level at 1.1630, accompanied by hitting the resistance of the EMA50, amid the dominance of the main bearish trend and its trading alongside trendline, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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Alchemy Pay (ACHUSD) declined in its latest intraday trading after encountering resistance at the 50-day SMA, under the dominance of the main short-term bearish trend. A bearish divergence has started to form on the relative strength indicators after reaching excessively overbought levels compared to the price movement, accompanied by the early appearance of a bearish crossover, which reinforces the negative outlook.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.013855 holds, targeting the key support level of $0.011940.
Today’s price forecast: Bearish.