Crude oil prices rose in its recent intraday trading, attempting to recover some of its early losses for today, amid the continuation of the negative pressure that comes from its trading below EMA50, which threatens any recovery attempts in the near upcoming period, especially with the emergence of negative signals from the relative strength indicators, after reaching overbought levels.
Gold surged higher in its recent intraday trading, to settle again above $4,700 resistance, as a key positive signal that reinforces the chances of extending its gains in the upcoming near period, especially with the continuation of the dynamic support that is represented by its trading above EMA50, with the formation of positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from there.
The EURUSD price settles with strong gains in its last intraday trading, preparing to attack the stubborn resistance at 1.1790, supported by its continued trading above EMA50, with the emergence of positive signals from relative strength indicators, amid the dominance of the main bullish trend on short-term basis after its managed to offload its overbought conditions.
Stellar (XLMUSD) price advanced in its latest intraday trading after the price managed to relieve its overbought condition on the Stochastic indicators, giving it greater ability to achieve further gains and target new resistance levels in the near term, supported by continued trading above its 50-day SMA, which strengthens the chances of further upside, especially amid the dominance of a short-term upward wave while moving alongside a trend line supporting this path.
Therefore we expect the digital currency price to rise in its upcoming intraday trading, as long as it remains above the $0.1600 support level, targeting the key resistance level at $0.1725 in preparation for attacking it.
Today’s price forecast: Bullish