The (Gold) price declined in its last intraday trading, after the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence, amid the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of bearish corrective wave on a short-term basis.
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The (EURUSD) rose in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, and its trading alongside supportive trendline for this track, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the price recovery on the near-term basis, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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IOTA (IOTAUSDT) declined slightly in its latest intraday trading, under continued negative pressure from trading below the 50-day SMA and within the dominance of the main short-term bearish trend, with trading along a descending line that reinforces this direction. The latest decline came after the cryptocurrency successfully corrected its oversold levels on the relative strength indicators, which in turn increased the surrounding negative pressure.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.1508 holds, targeting the key support level of $0.1278.
Today’s price forecast: Bearish.
Hyperliquid (HYPEUSD) settled higher in its latest intraday trading, successfully breaking a short-term descending trend line while also surpassing resistance at the 50-day SMA. This move allowed the cryptocurrency to eliminate its prior negative pressures and strengthen the chances of extending its corrective gains in the near term. This outlook is further supported by the appearance of positive signals from the relative strength indicators, despite reaching extremely overbought levels.
Therefore, we expect the cryptocurrency to rise in its upcoming intraday trading, especially as long as it remains above $36.76882209, targeting the important resistance level of $43.60378098.
Today’s price forecast: Bullish.