The (Gold) price rose to its last intraday levels, hitting all-time high supported by the emergence of positive signals on the relative strength indicators, with the continuation of the dynamic pressure that is represented by its trading above EMA50, and under the dominance of the main bullish trend on a short-term basis and its trading alongside bias line.
The (EURUSD) rose in its last intraday trading, amid its stability above the resistance at 1.1730, supported by its continued trading above EMA50, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, which reduces the last gains of the pair, besides the dominance of the bullish trend on the short-term basis with its trading alongside supportive bias line for the stability of the positive scenario.
Zcash (ZECUSD) price declined in its latest intraday trading, as it tries to find a higher bottom that could serve as a base for renewed bullish momentum. Dynamic support continues from trading above its 50-day SMA, while the short-term main bullish trend remains intact with trading along an upward slope line. In addition, a positive crossover has begun to appear in the Stochastic indicators after reaching strongly oversold levels, exaggerated relative to price movement, suggesting the start of a positive divergence.
Therefore, we expect the currency to rise in its upcoming intraday trading, as long as the support level of 46.70 holds, to then target the key resistance level of 55.00.
Today’s price forecast: Bullish.
Flow (FLOWUSDT) price slipped lower in its latest intraday trading, breaking below support at its 50-day SMA, which amplified the surrounding bearish pressure. The move also broke a short-term upward trend line, ending the chances of near-term recovery. Additional downside pressure is reinforced by negative signals in the Stochastic indicators, despite being in strongly oversold territory, which may only slow but not prevent further losses.
Therefore, we expect the currency to decline in its upcoming intraday trading, targeting the important support level of 0.393. If this support is broken, the next target will be 0.368.
Today’s price forecast: Bearish.