The (crude oil) price rose in its last intraday trading, recovering after gaining bullish momentum and it succeeded in offloading its overbought conditions on the relative strength indicators, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50.

(Gold) continues the rise in the last intraday trading, to gather new all-time highs amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, indicating the strength of the bullish momentum.

The (EURUSD) price declined in its last intraday trading, as we expected after retesting 1.1700 key resistance, accompanied by hitting EMA50’s resistance, which forced it to bounce lower, especially with the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline, with the emergence of negative overlapping signals from the relative strength indicators, after reaching the overbought levels.

Zcash (ZECUSD) price recorded a slight advance amid choppy movements in its latest intraday trading, under the dominance of a short-term corrective downward wave. The price remains under continued negative pressure from trading below its SMA50, which represents dynamic resistance that limits recovery prospects in the near term, especially with the formation of a negative divergence on the RSI after it reached extremely overbought levels in an exaggerated manner compared to price action, alongside the beginning of a negative crossover.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $450.00 resistance level remains intact, to retest the key support at $370.85, with strong chances for a break.

Today’s price forecast: Bearish