Crude oil prices declined in its last intraday trading, after its failure in surpassing the negative pressure on EMA50, attempting to gain bullish momentum that might help it to recover again, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on short-term basis.

Gold price continues its fluctuated trading on its last intraday levels, leaning on EMA50’s support, which prevented its decline and provided the renewed bullish momentum, amid the dominance of the bullish corrective trend on short-term basis, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, providing higher ability to rise in the upcoming near period.

The EURUSD pair extended its gains in its last intraday trading, managing to fill the bearish price gap that formed at the start of today’s session. It is now preparing to test the key resistance level at 1.1720, supported by continued positive momentum as it trades above EMA50, with a short-term corrective bullish trend still in control.

In the background, positive signals are beginning to emerge from the relative strength indicators after the pair managed to relieve its overbought conditions, opening the way to extending gains in the near term.

Ripple (XRPUSD) price recorded a decline in its latest intraday trading, amid the dominance of the main short-term bearish trend as it moves alongside a trendline supporting this path. This is in addition to continued negative and dynamic pressure from trading below its 50-day SMA, which reduces the chances of a price recovery in the near term, especially with a negative divergence beginning to form in the Stochastic indicator after reaching overbought levels that are excessive relative to price action, as negative signals start to emerge.

Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as resistance at $1.3535 remains intact, targeting the key support level at $1.2770.

Today’s price forecast: Bearish