The (Gold) price rose in its last intraday trading, approaching from hitting the psychological resistance at $4,000, supported by the dominance of the main bullish trend line on the short-term basis and its trading alongside supportive trend line for this track, noticing the emergence of positive crossover on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving new gains.
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The (EURUSD) rose in its last intraday trading, attempting to recover some of its recent losses, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators.
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Cardano (ADAUSD) rose slightly in its latest intraday trading, supported by continued movement above its 50-day simple moving average, which provides dynamic support. The cryptocurrency remains under the influence of a short-term corrective bullish wave, trading along an upward trend line. Moreover, the price has successfully unwound previous overbought conditions on the RSI, giving it more room to extend gains in the coming sessions.
Therefore, we expect the cryptocurrency to rise in upcoming trading, as long as support holds at 0.8277, targeting the key resistance level of 0.8929.
Today’s price forecast: Bullish.
Binance Coin (BNBUSD) held strong gains in its latest intraday trading, reaching the 1,337 resistance level. The cryptocurrency remains supported by continuous trading above its 50-day simple moving average, under a firmly established main bullish trend and trading along an upward sloping line. Moreover, the RSI continues to show positive signals, even as it stays within heavily overbought zones, which may indicate ongoing bullish momentum.
Therefore, we expect the cryptocurrency to rise in upcoming trading, particularly if it breaks above the mentioned resistance at 1,340, targeting the next resistance level at 1,490.
Today’s price forecast: Bullish.