The (crude oil) witnessed fluctuated trading where it increased on its last intraday trading, testing minor bearish trend line on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative signals on the relative strength indicators, after reaching overbought levels.
(Gold) rose in its last intraday trading, with the emergence of positive overlapping signals on the relative strength indicators after offloading its overbought conditions, opening the way for achieving more gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor trend line for this trend.
The (EURUSD) witnessed fluctuating trading in its last intraday trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, leaning on the support of its EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which led to this fluctuation.
XRP (XRPUSD) edged slightly higher in its latest intraday trading after the pivotal support level at 1.8183 held, providing the price with some positive momentum that helped it recover part of its previous losses. At the same time, the price is attempting to relieve some of its clear oversold condition on the RSI indicators, especially with the start of positive signal inflows. However, negative pressure persists as the price continues to trade below its 50-day SMA, reinforcing the stability of the main short-term descending trend, with price action moving alongside a trendline.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks the mentioned support level at 1.8183, targeting thereafter the next support at 1.6915.
Expected trend for the upcoming trading: Bearish