The (crude oil) declined in its last intraday trading, with the emergence of the negative on the relative strength indicators, after reaching overbought levels, amid the main bearish trend on the short-term basis and its trading below EMA50.
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The (Gold) price declined in its last intraday trading, affected by the stability of the resistance at $4,200, with the emergence of the negative signals on the relative strength indicators, to offload its overbought conditions, to attempt to gain bullish momentum that might help it to breach this resistance, amid the dominance of the main bullish trend on the short-term basis.
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The (EURUSD) witnessed fluctuated trading on its last intraday trading, attacking 1.1630 resistance, at the same time it reaches the resistance of EMA50, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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Hedera Hashgraph (HBARUSD) declined in its latest intraday trading, as the short-term bearish trend remains dominant, with ongoing negative pressure from trading below the 50-day SMA, which limits the chances of a near-term recovery. This is further reinforced by the appearance of bearish signals from the relative strength indicators after reaching extremely overbought levels.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of 0.20638 holds, targeting the support level of 0.16185.
Today’s price forecast: Bearish.