The (crude oil) price slipped lower in its last intraday trading, amid the emergence of negative signals from relative strength indicators, attempting to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery and rise again, leaning on EMA50’s support, amid the dominance of the bullish trend on short-term basis.
Gold price declined in its last intraday trading, to lean on $4,800 support level, this support represents a target in our previous analysis, amid the dominance of the bearish correction trend on short-term basis, amid the continuation of the negative signals from relative strength indicators, despite its stability in oversold levels.
(EURUSD) witnessed fluctuating trading in its last intraday trading, amid its attempts to offload its clear oversold conditions on relative strength indicators, especially with the emergence of the positive signals from there, with its trading below 1.1800 resistance, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability of the bearish corrective trend on short-term basis.
DASHUSD price recorded a decline in its latest intraday trading, under full dominance of the main short-term downtrend, with price action moving along a steep trend line supporting this bearish path. The price continues to face negative dynamic pressure from trading below its SMA50, which limits the chances of a full recovery in the near term, especially with ongoing negative signals from the RSI, despite the indicator reaching deeply oversold territory.
Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, to target the key near support at $36.00, with strong chances of a confirmed break below it.
Expected trading trend: Bearish