The (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), amid its affection by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, preventing the price recovery on the near-term basis.

The (Gold) rose in its last intraday trading, due to its lean on the support of its EMA50, providing positive momentum that helped it to achieve these gains, with the emergence of the positive signals on the (RSI), attacking the critical resistance level at $3,365, and under the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis.

The (EURUSD) settled witnessed fluctuated trading in its last intraday levels, where it rallied strongly, supported by the positive signals on the (RSI), after reaching oversold levels to hit the resistance of EMA50, which forces it to bounce lower to shrink some of these gains, amid the dominance of the bearish correctional trend on the short-term basis, and its trading alongside a bias line.

Algorand’s currency price (ALGOUSD) showed choppy movement in latest intraday trading, as it attempts to gather positive momentum that may help it overcome the negative pressure from the 50-period SMA. The price remains under the dominance of the main upward trend in the short term and continues to trade alongside a rising trend line. Meanwhile, a positive crossover has begun to emerge on the Stochastic, after reaching extremely oversold levels — exaggerated relative to the price action — signaling the early formation of a positive divergence.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support level of $0.2524 holds on, targeting the pivotal resistance of $0.3069 in preparation to attack it.

Today’s price forecast: Bullish