(Gold) rose slightly in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, supported by its trading above EMA50, under the dominance of minor bullish wave on the short-term basis with its trading alongside supported trend line for this trend.

The (EURUSD) surged higher in its last intraday trading, breaching positive technical formation that formed on the short-term basis, which is represented by the inverted head and shoulders pattern, supported by the emergence of the positive signals on the relative strength indicators, surpassing the resistance of its EMA50, to surpass its negative pressure.

Monero (XMRUSD) declined slightly in its latest intraday trading, as the price attempts to gain positive momentum that could help it recover and rise again. This comes under the influence of a short-term ascending secondary wave, supported by ongoing dynamic backing from trading above its 50-period simple moving average, which enhances its chances of near-term recovery.

Therefore, we expect the price of the cryptocurrency to rise in the coming intraday sessions, as long as the support level of 379.75 holds, targeting the resistance level of 409.50.

Today’s price forecast: Bullish

The price of Zcash (ZECUSD) continued to decline in its latest intraday trading, confirming a break of a major descending trendline over the short term. This comes amid ongoing negative pressure as the price remains below its 50-period simple moving average, reducing the chances of any meaningful recovery in the near term. Meanwhile, the relative strength indicators continue to send negative signals despite settling in deeply oversold areas.

Therefore, we expect the price of the cryptocurrency to decline in the coming intraday sessions, targeting the key support level of 470.0 in preparation for breaking it.

Today’s price forecast: Bearish