The (crude oil) price declined in its last intraday trading, amid the emergence of negative signals from the relative strength indicators, and the pris is looking for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend.

Gold price declined in its last intraday trading, affected by the stability of $5,200 resistance, accompanied by reaching EMA50’s resistance, which forced it to surrender to these negative pressures, affected by breaking bullish trend line on short-term basis.

(EURUSD) kept its early gains on its last intraday levels, amid the attempts of the pair to correct the main bearish trend with the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence.

Ripple (XRPUSD) price recorded strong gains in its latest intraday trading, amid the dominance of a short-term corrective bullish trend, with continued dynamic support represented by trading above its 50-day SMA. The price has also managed to overcome the negative pressure from this moving average, reinforcing the chances of extending its gains in the near term.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as it remains stable above the support level at $1.3410, targeting the key resistance level at $1.4885.

Today’s price forecast: Bullish