(Gold) declined in its last intraday trading, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that may help it to recover and rise again, amid the continuation of the positive support due to its trading above EMA50, with its trading alongside minor bullish trend line on the short-term basis.
The (EURUSD) settles on strong gains on fluctuated trading in its last intraday levels, gathering bullish momentum quickly to help it resume these gains, amid the dominance of the main bullish trend and its trading alongside minor trend line that reinforces the dominance of this track, besides the emergence of positive signals on the relative strength indicators.
Dogecoin (DOGEUSD) stabilized with cautious gains in its latest intraday trading, benefiting from the firmness of the pivotal support level at 0.1324, which provided some positive momentum and helped the price achieve these gains. This move was supported by positive signals flowing from the RSI indicators after they had previously reached extremely oversold levels. However, negative pressure continues as the price trades below its 50-day SMA, reinforcing the stability and dominance of the main short-term descending trend, with the price moving alongside a supporting trendline.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks the mentioned support level at 0.1324, targeting thereafter the next support at 0.1255.
Expected trend for the upcoming trading: Bearish
Ethereum Classic (ETCUSD) is holding onto gains in its latest intraday trading, supported by positive signals flowing from the RSI indicators despite their presence in extremely overbought territory. The price is also influenced by the firmness of the pivotal support level at 12.50, as it attempts to recover part of its previous losses. However, this comes while trading alongside a main short-term descending trendline and remaining below its 50-day SMA, which limits the chances of a near-term recovery.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level at 13.25, targeting once again the mentioned support level at 12.50 in preparation for a potential break.
Expected trend for the upcoming trading: Bearish