Crude oil price is experiencing fluctuating trading on its last intraday levels, after reaching our expected target at $105.00 resistance, bouncing lower in attempt to gather the gains and offload overbought conditions on the relative strength indicators that might help it to breach this resistance, amid the dominance of the main bullish trend on short-term basis, alongside supportive trend line for this path.
Gold price extended its gains in its last intraday trading, taking advantage of the stability of $4,600 support, that us represented by its trading above EMA50, providing a base to get renewed bullish momentum, to keep the bullish corrective trend on short-term basis, by forming positive divergence on the relative strength indicators, exaggeratedly compared to the price move, with the emergence of positive signals from them.
(EURUSD) prices rose in their last intraday trading, in attempt to recover some of its previous losses, attempting to offload its clear oversold levels on the relative strength indicators, especially with the emergence of positive signals from them, reaching EMA50’s resistance, stopping these intraday gains, amid the dominance of the main bearish trend on short-term basis.
Dogecoin (DOGEUSD) price extended its decline in its latest intraday trading, amid continued negative pressure as it trades below its 50-day SMA, reinforcing the stability and dominance of the primary bearish trend in the short term, with price moving alongside a trendline supporting this path. In the background, negative signals continue to emerge from the Stochastic indicator, despite reaching extremely oversold levels.
Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as it remains below the resistance level at $0.0915, targeting the key nearby support level at $0.0877, with strong potential for a further breakdown.
Today’s price forecast: Bearish