Crude oil price rose in its last intraday trading, in order to recover some previous losses, attempting to offload some of its clear oversold conditions from the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, affected by breaking main bullish trend line on short-term basis.

Gold declined in its last trading on the intraday levels, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, attempting to offload some of this overbought conditions, to gather its positive strength that might help it to breach the key resistance at $4,800, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of bullish corrective wave on the short-term basis.

(EURUSD) prices declined in their last intraday trading, amid fluctuated moves for gaining bullish momentum that might help it to recover and resume its gains again, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the positive support due to its trading above EMA50, under the dominance of the bullish corrective trend on short-term basis.

Stellar (XLMUSD) price recorded a decline in its latest intraday trading, following a test of a short-term corrective bearish trendline. This exposed the price to negative pressure, leading to a retreat aimed at taking profits from its previous gains and attempting to gain positive momentum that could help it overcome this resistance. Simultaneously, the price is trying to ease some of its clear overbought conditions according to the Stochastic indicator, especially with the emergence of a negative crossover.

Therefore, we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, provided that support at $0.1570 remains intact, targeting the first resistance level at $0.1700.

Today’s price forecast: Bullish