The Crude oil prices have seen a strong upward movement in recent intraday trading, breaking through a short-term bearish trend line. This rise is supported by emerging positive signals from the Relative Strength Index (RSI).

The Gold price continued its upward trend in its latest intraday trading, moving toward a third consecutive sharp daily rise and reaching new records, under the complete dominance of the short-term bullish trend.

The EURUSD declined in its recent intraday trading, as it takes profits from its recent gains and attempts to relieve the clear overbought condition indicated by the Relative Strength Index (RSI), especially with the emergence of negative signals. This could help the price gather positive momentum for a possible recovery and renewed rise.

Monero’s currency price (XMRUSDT) edged lower in latest intraday levels, while hurt by piercing the main upward trend line previously in the short term, with ongoing negative pressure due to trading below the 50-day SMA, countered with positive signals from the Stochastic after reaching oversold levels, helping the price firm up temporarily. 

Therefore we expect the price to decline in upcoming trading, as long as it settles below $212.75, targeting the important support of $179.65.

Today’s price forecast: Bearish