The (Gold) price extended its gains in its last intraday trading, forming positive divergence on the (RSI), after reaching oversold levels, exaggeratedly compared by the price move, with the emergence of the main bullish trend line and its trading alongside bias line on the short-term basis, which supports achieving more gains.
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The (EURUSD) declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, which formed a dynamic resistance that prevented its recovery in its last trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
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Shiba Inu (SHIBUSDT) price declined in its latest intraday trading, under negative pressure from trading below its 50-day SMA. The short-term bearish trend also remains in control, with trading moving along a downward slope line that supports this path. In addition, negative signals are flowing from the Stochastic indicators, which adds to the bearish outlook despite being in strongly oversold territory.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 0.000012727 holds, to then target the key support level of 0.000011797.
Today’s price forecast: Bearish.
Pepe (PEPEUSD) price settled lower in its latest intraday trading, with negative signals appearing in the Stochastic indicators after reaching strongly overbought levels. The short-term main bearish trend remains in control, with trading moving along a downward slope line that supports this path. In addition, the price continues to suffer from trading below its 50-day SMA, which acts as dynamic resistance reducing its chances of recovery in the near term.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 0.00001001 holds, to then target the support level of 0.00000912.
Today’s price forecast: Bearish.