The (BTCUSD) price witnessed limited range trading on its last intraday levels, leaning on bullish trend line on a short-term basis, gaining bullish momentum that reinforces the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, on the other hand, the price is under negative pressure due to its trading below EMA50, reducing the chances of its recovery on a near term basis.

Therefore, our expectations suggest a decline in (BTCUSD) price in its upcoming intraday trading, conditioned by the stability of $94,000 resistance, to target $90,000 support level.

The expected trading range for today is between $90,000 support and $94,000 resistance.

Today’s forecast: Neutral

The (crude oil) price rose in its last trading at intraday levels, due to its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, besides the emergence of positive signals on the relative strength indicators, after reaching oversold levels, amid the dominance of the bullish trend on a short-term basis.

(Gold) settles on gains in the last intraday trading, moving in tight range attempting to gain the required bullish momentum to help it to record new all-time highs, attempting to offload some clear overbought conditions on the relative strength indicators, with its trading alongside minor and main trend line that supports this trend.

The (EURUSD) settles on cautious gains in its last intraday trading, to test bearish corrective channel’s low that limits its previous trading on the short-term basis, hitting EMA50’s resistance, accompanied by the relative strength indicators reach to the overbought levels, exaggeratedly compared to the price move, to indicate quick fading for the bullish momentum.