Crude Oil prices declined in their latest intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the dominance of the main bearish trend on the short-term basis, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.

Gold rose in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, holding above the psychological support of $4,000, providing renewed bullish momentum.

Despite this performance, the price remains under negative pressure due to its trading below EMA50, which reduces the chances of full recovery in the near upcoming period, especially with the dominance of the main bearish trend on the short-term basis.

The EURUSD pair rose higher in its latest intraday trading, surpassing EMA50’s resistance, surpassing its negative pressure and opening the way for extending these gains, especially with its trading alongside bullish corrective trend line that supports this path, besides forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals.

Ethereum Classic (ETCUSD) moved lower in recent intraday trading amid continued negative pressure from trading below its 50-period Simple Moving Average (SMA), reinforcing the strength and stability of the primary short-term bearish trend. Price action also continues to move alongside a descending trendline that supports the current downtrend. In the background, momentum indicators are generating bearish signals after reaching extremely overbought territory, to an extent that appears excessive relative to the cryptocurrency's price movement, further intensifying the downside pressure.

Therefore, our outlook remains bearish for the cryptocurrency's upcoming intraday trading sessions, as long as resistance at $7.10 remains intact. Under this scenario, the next downside target is seen at the important support level of $6.50.

Today's price forecast: Bearish.