The (crude oil) price extended its gains in its last intraday trading, after surpassing the negative pressure of the EMA50, opening the way for extending its intraday gains, amid the dominance of the main bullish trend on short-term basis, especially with its trading alongside supportive trend line for this path, besides the emergence of positive signals from the relative strength indicators.

Gold price rose in its last intraday trading, to settle above the main resistance at $5,000, accompanied by surpassing EMA50’s resistance, reinforcing the chances of extending the intraday gains, especially after it succeeded in offloading some of its overbought conditions on relative strength indicators, opening the way for extending these intraday gains.

(EURUSD) surged higher in its last intraday trading, affected by short-term positive technical formation, which is represented by the double bottom pattern, to surpass the negative pressure of EMA50, supported by the positive signals from relative strength indicators, despite reaching overbought levels, to breach the current resistance at 1.1900, this resistance represents our expected target in today’s forecast update.

ETCUSD price recorded a continued decline in its latest intraday trading, under the dominance of the main short-term downtrend, with price action moving along a minor trend line supporting this bearish path. Negative pressure remains elevated due to trading below its SMA50, which increases downside risk, 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, as long as the $8.85 resistance level remains intact, to target the main support at $7.00.

Expected trading trend: Bearish