The (crude oil) soared high in its last intraday trading, supported by the emergence of the positive signals on the (RSI), and under the dominance of bullish correctional wave on the intraday basis and its trading alongside supportive bias line for this track, to succeed in its last trading in surpassing the negative pressure of the EMA50, which pushes it to target new resistance levels.
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The (Gold) price declined in its last trading on an intraday basis, attempting to gain positive momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside bias line, with the emergence of the positive signals on the (RSI), after reaching oversold levels.
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The (EURUSD) price fluctuated in its last intraday trading, due to the stability of the current resistance level at 1.1730, which forms negative pressure against the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the bullish trend on the short-term basis and its trading alongside a trend line, beside the emergence of the positive signals on the (RSI), after reaching oversold levels.
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Polygon (MATICUSDT) price declined in its latest intraday trading, as negative signals appeared in the Stochastic indicators, while additional bearish pressure came from trading below its 50-day SMA. However, the short-term main bullish trend remains in control, with trading moving along an upward slope line that supports this path, which increases the chances of recovery in the near term.
Therefore, we expect the currency to rise in its upcoming intraday trading, as long as the support level of 0.263 holds, to then target the key resistance level of 0.292.
Today’s price forecast: Bullish.