The (crude oil) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on the short-term basis, after offloading its oversold conditions on the relative strength indicators, intensifying the negative pressures.

(Gold) kept declining in the last intraday trading, amid the emergence of negative signals on the relative strength indicators, attempting to look for rising low to take it as a base to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this trend.

The (EURUSD) witnessed fluctuated trading on its last intraday levels, affected by the stability of the resistance at 1.1700, and there is negative pressure due to its trading below EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, with the emergence of positive signals on the relative strength indicators, after reaching oversold levels.

Monero (XMRUSD) price recorded strong stability in its latest intraday trading, maintaining solid gains supported by its continued trading above its SMA50, which represents dynamic support reinforcing the stability of the main short-term upward trend, especially as price action moves along a supportive trend line. In addition, positive signals continue to flow from the RSI after the price managed to unwind its overbought conditions, giving it greater room to achieve further gains in the near term.

Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as the $434.55 support level remains intact, to target the $463.00 resistance level, with strong chances for a breakout.

Today’s price forecast: Bullish