The (crude oil) witnessed sharp losses in its last intraday trading, breaking the critical support level at $61.60, this represents our suggested target in our previous forecast, amid the continuation of the negative pressure that comes from its trading.
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The (Gold) price witnessed fluctuated trading on its last intraday levels, reaching the main resistance at $3,600, representing our previous target, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a minor bias line that is supportive for the bullish trend, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which led the price to fluctuate due to its neediness to offload some of this overbought condition.
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The (EURUSD) extended its gains in its last intraday trading, to breach 1.1730 resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the positive signals on the (RSI), despite reaching overbought levels.
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Dogecoin (DOGEUSDT) price advanced in its latest intraday trading, driven by positive signals in the Stochastic indicators after previously reaching strongly oversold levels. With this rise, the price managed to break above its 50-day SMA, an important step toward overcoming prior bearish pressure, and is now attacking the last of these obstacles—a minor short-term downward trend line.
Therefore, we expect the currency to rise in its upcoming intraday trading, especially if it breaks the resistance level of 0.2235, to then target its next resistance at 0.2425.
Today’s price forecast: Bullish.