Crude Oil prices declined in recent intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, noticing the appearance of positive overlapping signals on the relative strength indicators after reaching exaggerated oversold levels compared to the price move.

Gold price rose in its recent intraday trading, as it leans on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the bullish trend on the short-term basis, on the other hand, we notice the beginning of the negative signals emergence from the relative strength indicators, after reaching overbought levels, which might obstruct reinforcing these gains in the upcoming near period.

The EURUSD price rose in its last intraday trading, in attempt to recover some previous losses, affected by breaking short-term main bullish trend line, with a dynamic negative pressure that is represented by its trading below EMA50, intensifying the negative pressure on the price, especially with the return of the negative signals from the relative strength indicators, after offloading its oversold conditions. 

Zcash (ZECUSD) price declined in its latest intraday trading amid continued negative signals from the Stochastic indicators after the price managed to relieve its oversold condition, while remaining supported by its 50-day SMA, which coincides with support from a short-term upward trend line, representing the last opportunity for the price to gain the positive momentum needed to recover and rise again.

Therefore, as long as the digital currency price remains above the key support level at $539.75, our expectations continue to lean toward the upside in its upcoming intraday trading, targeting the first resistance level at $590.00.

Today’s price forecast: Neutral