The (crude oil) rose in its last intraday levels, in attempt to recover some of its previous losses, amid its affection by breaking a bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the bearish track, especially with the emergence of the negative signals on the (RSI).
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The (Gold) declined in its last intraday trading, attempting to look for a rising low to take it as a base that might assist it to gain the required positive momentum to recover, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the bullish trend and its trading alongside a supportive bias line for the trend, besides the (RSI) reach to exaggerated oversold levels compared to the price move.
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The (EURUSD) rose in its last intraday trading, breaching the resistance of 1.1750, supported by the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for this trend, and it is succeeded in its previous trading in offloading its clear overbought conditions on the (RSI), opening the way towards achieving more of the gains, especially with the emergence of the positive signals from there.
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Solana (SOLUSDT) declined in its recent intraday trading, as the price moves to take profits from earlier gains while also working to relieve its clearly overbought RSI conditions, especially with emerging bearish signals. This consolidation may help the asset gather renewed bullish momentum. The short-term corrective uptrend remains intact, supported by movement along an ascending trendline and continued trading above the 50-day SMA, which reinforces the trend’s stability.
Therefore we expect the price to rise in upcoming intraday sessions, as long as support at 184.80 holds, targeting the resistance level at 223.20.
Today’s price forecast: Bullish.
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