The (crude oil) price soared high in its last intraday trading, reaching $61.00 resistance, which represents our expected target in our previous analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of minor bullish wave on the short-term basis, despite the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, indicating the volume and strength of the bullish momentum.

(Gold) declined in the last intraday trading, to attempt to gain bullish momentum that might help it to resume its gains again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, with the emergence of positive signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move.

The (EURUSD) price declined in its last intraday trading, amid its trading within bearish corrective channel’s range on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, breaking the current support at 1.1655, to confirm deepening its losses in the upcoming period.

Ripple (XRPUSD) price recorded choppy movements in its latest intraday trading, amid the dominance of a steep short-term corrective downward wave. The price remains under continued negative pressure from trading below its SMA50, which limits recovery prospects in the near term. However, on the other hand, a positive crossover has begun to appear on the RSI after it reached oversold levels, which helped curb the recent losses.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $2.1063 resistance level remains intact, to target the $1.9793 support level.

Today’s price forecast: Bearish