The (Gold) price declined in its last intraday trading, gathering the gains of its previous rises, to attempt to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive bias line.
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The (EURUSD) witnessed sharp decline in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, in attempt to offload this overbought condition, attempting at the same time to look for a rising low to take it as a base that might help it to gain the required positive momentum for its recovery, amid the continuation of the positive support that comes from its trading above EMA50, and under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line.
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KILT (KILTUSD) price jumped higher in its latest intraday trading, supported by positive signals in the Stochastic indicators and dynamic backing from trading above its 50-day SMA. This renewed momentum comes while the short-term corrective bullish trend remains in control, with trading moving along an upward slope line that supports this path.
Therefore, we expect the currency to rise in its upcoming intraday trading, as long as it remains stable above 0.01266, to then target the resistance level of 0.01688.
Today’s price forecast: Bullish.
IOTA (IOTAUSDT) price declined in its latest intraday trading, as the price attempts to gather positive momentum that may support a new rise. It is also influenced by a short-term bullish technical formation, the falling wedge pattern, supported by continued trading above its 50-day SMA. In addition, positive signals are flowing from the Stochastic indicators after the price successfully unwound its overbought levels, giving it more room to achieve further gains.
Therefore, we expect the currency to rise in its upcoming intraday trading, as long as it remains stable above 0.1880, to then target the resistance level of 0.2047.
Today’s price forecast: Bullish.