The (crude oil) price extended its gains in its last intraday trading, taking advantage of the positive signal’s emergence from the relative strength indicators, with the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.
Gold’s price declined in its last intraday trading, amid the stability of the stubborn resistance at $5,200, with the negative signals from relative strength indicators, surpassing EMA50’ support, reducing the chances of the price recovery in the upcoming near period, amid its trading alongside minor trend line on short-term basis.
(EURUSD) price deepened its losses in its last intraday trading, reaching our expected target at 1.1570 support, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative signals from relative strength indicators, amid the dominance of the main bearish trend on short-term basis.
Dogecoin (DOGEUSD) price recorded slight gains in its latest intraday trading after rebounding from the support of its 50-day SMA, which provided the price with positive momentum that helped drive these gains. This move also coincides with the emergence of a positive crossover on the Stochastic indicator after reaching deeply oversold levels relative to price action, suggesting the beginning of a positive divergence, while a short-term corrective bullish wave remains dominant.
Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at $0.0875 remains intact, targeting the key resistance level at $0.0985.
Today’s price forecast: Bullish