The (Gold) price declined in its last intraday trading, with the beginning of negative crossover emergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, to indicate the beginning of forming negative divergence, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of bearish corrective wave on the short-term basis.
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The (EURUSD) settled high in its last intraday trading, supported by its trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline, besides forming a positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from there.
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Flow (FLOW/USD) price inched slightly higher in its latest intraday trading, attempting to relieve part of the evident oversold conditions shown on the relative strength indicators, particularly as some positive signals begin to appear. However, the cryptocurrency continues to face persistent bearish pressure from trading below its 50-period simple moving average and remains under the dominance of the main short-term downtrend, moving along a descending trendline.
Therefore, we expect the price to decline in upcoming intraday trading as long as it remains below the 0.287 resistance level, targeting the key support area at 0.250.
Expected trend for upcoming trading: Bearish.
Cardano (ADA/USD) price edged slightly higher in its latest intraday trading, while remaining under persistent bearish pressure as it continues to trade below its 50-period simple moving average and within the confines of the main short-term downtrend, moving along a descending trendline that reinforces this bias. The current uptick appears to be a technical rebound aimed at offsetting part of previous losses, while also helping to ease the oversold signals evident on the relative strength indicators — particularly as early positive signals begin to emerge.
Therefore, we expect the cryptocurrency to decline in upcoming intraday trading as long as it remains below the 0.6857 resistance level, targeting the key support area at 0.6072.
Expected trend for upcoming trading: Bearish.