The (crude oil) price declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the bullish support due to its trading above EMA50, amid the dominance of the main bullish trend on short-term basis.

Gold price declined in its last intraday trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, amid its trading alongside minor bullish trend line on short-term basis, with the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels.

(EURUSD) slipped lower in its last intraday trading, showing the stability of the solid resistance at 1.1900, with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the upcoming period, especially with its leaning on EMA50’s support, as a clear signal for surpassing the negative pressure.

Stellar (XLMUSD) price recorded a decline in its latest intraday trading, remaining under negative pressure as it continues to trade below the 50-day SMA, which reinforces the dominance and stability of the main short-term bearish trend. Price action is moving along a supporting trend line for this bearish path, while momentum indicators are still sending negative signals, despite having reached heavily oversold levels.

Therefore we expect the cryptocurrency price to fall in upcoming intraday trading, as long as it remains below the $0.1655 resistance level, targeting the key support at $0.1465.

Today’s price forecast: Bearish