The (crude oil) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), to lean on the support of the EMA50, in attempt to look for a higher low to take it as a base that assisted it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside a bias line on the short-term basis.

The (Gold) declined in its last intraday trading, due to testing a bearish correctional trend line on the short-term basis, with the beginning of forming a negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals on them, which makes the price return to decline and trades below its EMA50, confirming ending the positive momentum.

The (EURUSD) declined in its last intraday trading, amid the pair’s trading within bearish correctional channel’s range that limits its previous trading on the short-term basis, to test the channel’s support that assisted the pair to settle and bounces higher to shrink its losses, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals on the (RSI), after reaching overbought levels.

Cardano’s currency price (ADAUSD) declined in latest intraday trading, as the price attempts to gather positive momentum that may help it rise anew, while also trying to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line, supported by ongoing positive pressure from trading above the 50-period SMA.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $0.59359 holds on, targeting the resistance level of $0.65587.

Today’s price forecast: Bullish