The (Gold) price declined in its last intraday trading, affected by the continuation of the negative pressure that comes from its trading below EMA50, under the dominance of the bearish corrective trend on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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The (EURUSD) declined in its last intraday trading, breaking the key support level at 1.1550, which confirms the continuation of the negative momentum, especially with the emergence of the positive signals on the relative strength indicators, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis.
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Binance Coin (BNBUSD) declined slightly in its latest intraday trading under continued negative pressure from trading below the 50-day SMA and within the dominance of a short-term corrective bearish trend, with trading along a descending line. Meanwhile, the relative strength indicators have reached extremely overbought levels compared to the price movement, accompanied by the early appearance of a bearish crossover, which further intensifies the negative pressure around the cryptocurrency.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $1,181.90 holds, targeting the key support level of $1,020.50.
Today’s price forecast: Bearish.
Toncoin (TONUSD) advanced cautiously in its latest intraday trading, supported by positive signals from the relative strength indicators. This rise brought the price to test resistance at the 50-day SMA while simultaneously retesting a main short-term descending trend line. However, the relative strength indicators have reached extremely overbought levels compared to the price movement, adding further negative momentum around the cryptocurrency.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.3778 holds, targeting the key support level of $2.0168.
Today’s price forecast: Bearish.