Crude oil prices declined during recent intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside minor supportive trend line for this path, with the emergence of the negative signals from the relative strength indicators, after reaching overbought conditions, to surpass EMA50’s support, intensifying the negative pressure around the upcoming near period.

Gold prices rose during recent intraday trading, due to the stability of the main support at $4,400, gaining some positive momentum that helped it to attempt to recover some of its previous losses, and offloading the oversold conditions on the relative strength indicators, with the emergence of positive signals from them, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of sustainable recover in the upcoming near period.

The EURUSD pair experienced cautious gains during its latest intraday trading, after its attempt to recover some previous losses and offloading its oversold on the relative strength indicators, especially with the emergence of the positive signals from them, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis.

Cardano (ADAUSD) price advanced in its latest intraday trading, attempting to correct the main short-term bearish trend. This move is supported by the emergence of positive signals from the Stochastic indicators after the price successfully relieved its overbought condition, providing a clear indication that the chances of extending these corrective gains have improved in the near term.

However, despite this performance, the move remains a cautious correction, as the price continues to face dynamic negative pressure from trading below its 50-day SMA, which reinforces the stability and dominance of the main bearish trend in the short term, while the price continues to move alongside a trend line supporting this path.

Therefore we continue to expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $0.1735 resistance level, targeting the $0.1390 support level.

Today’s price forecast: Bearish.