The (crude oil) price extended its gains in its last intraday trading, taking advantage of the positive signals from the relative strength indicators, to surpass the negative pressure of the EMA50, announcing its recovery on an intraday basis, confirming the dominance of the bullish corrective on a short-term basis. 

(Gold) extended its gains in the last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, to breach the key resistance level at $4,400 and holding above it, amid the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the beginning of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the gains on the near-term basis.

The (EURUSD) surged higher in its last intraday trading, after its approach from our expected target at 1.1655 support, attempting to recover some previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators on the relative strength indicators, especially with the emergence of the positive signals from there, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the recovery on the near-term basis.

Ethereum Classic (ETCUSD) stock price recorded choppy movements in its latest intraday trading, as the price attempts to build positive momentum that could help it recover and move higher again. During this process, the price has managed to unwind its overbought conditions on the RSI, indicating the formation of renewed positive momentum on the very short term, under the control of a short-term corrective upward wave, while maintaining dynamic support from trading above its SMA50.

Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as it remains stable above the $12.40 support level, to target the first resistance at $13.10, with strong chances for a breakout. If that occurs, the next target would be the $13.75 resistance level.

Today’s price forecast: Bullish