The (crude oil) price rose in its last trading at intraday levels, due to its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, besides the emergence of positive signals on the relative strength indicators, after reaching oversold levels, amid the dominance of the bullish trend on a short-term basis.

(Gold) settles on gains in the last intraday trading, moving in tight range attempting to gain the required bullish momentum to help it to record new all-time highs, attempting to offload some clear overbought conditions on the relative strength indicators, with its trading alongside minor and main trend line that supports this trend.

The (EURUSD) settles on cautious gains in its last intraday trading, to test bearish corrective channel’s low that limits its previous trading on the short-term basis, hitting EMA50’s resistance, accompanied by the relative strength indicators reach to the overbought levels, exaggeratedly compared to the price move, to indicate quick fading for the bullish momentum.

Cardano (ADAUSD) price recorded stability on sharp losses in its latest intraday trading, following its earlier collision with the resistance of its SMA50, which forced the price to give in to this pressure. This comes especially after being previously affected by breaking below a short-term corrective upward trend line. In addition, a negative crossover has begun to appear on the RSI after the price managed to unwind its oversold conditions, opening the door for further losses in the near term.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $0.3700 resistance level remains intact, to target the key support at $0.3320.

Today’s price forecast: Bearish