The (crude oil) declined sharply in its last intraday trading, as it surpassed the support of its EMA50, causing an extra negative pressure that pushed it to resume the decline, to break a minor bullish trend line that limited its trading on the short-term basis, reinforcing the continuation of the technical decline in the upcoming moves.

The (RSI) indicators began showing positive signals, where it recorded a bullish overlapping signal after entering exaggerated oversold levels, which gave the price a chance to catch its breath and settle temporarily, and assisted it to reduce its early losses, but this recovery remain fragile and needs a stronger technical confirm to see a real bullish wave.

The (Gold) price declined in its last intraday trading, affected by the stability of the critical resistance level at $3,380, accompanied by reaching the resistance of its EMA50, reinforcing the strength of this area as a double technical barrier that limited the price ability to resume the rise, and pushed it to surrender to clear selling pressure.

This decline became with the emergence of the negative signals on the (RSI), which indicates losing the bullish momentum gradually, and the price is affected by breaking main bullish trend line on the short-term basis, and its move within a bearish correctional channel, which increases the possibilities of its continuation to decline on the intraday basis, unless it regained the positivity.

The (EURUSD) rose sharply in its last intraday trading, attacking the key resistance at 1.1600, taking advantage of breaching its EMA50, that formed a technical barrier against the extension of the bullish trend, this breach reinforced the positive momentum and pushed the price to record strong gains, amid the continuation of the main bullish trend on the short-term basis and its move alongside a clear bias line.

This bullish move accompanied with the emergence of supported signals from the (RSI) indicators, which are in overbought levels, but it remains reinforcing the chances for the continuation of the rise on the near- term basis.

Therefore, our expectations for the (EURUSD)on the upcoming intraday trading suggest a rise, if it breaches the mentioned resistance at 1.1600, to target its next target at 1.1680.

The expected trading range is between 1.1530 support and 1.1680 resistance.

Today’s forecast: Bullish

The (BTCUSD) witnessed fluctuated trading in its last intraday levels, with its stability below the resistance level at $102,500, amid its trading alongside a minor bearish bias on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared by the price move, which suggest the beginning of forming a negative divergence that will increase the negative pressure on the price.