The (crude oil) declined in its last intraday trading, to end any chance of recovery on the near-term basis, under the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, amid the dominance of the main bearish trend on the short-term basis.
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The (Gold) price extended its gains in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, to succeed in its last trading in surpassing the negative pressure of the EMA50, amid the dominance of the main bullish trend on a short-term basis, reinforcing the bullish scenario.
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The (EURUSD) deepened its losses in its last intraday trading, reaching our morning expected target at 1.1730, by negative pressure due to its trading below EMA50, affected by breaking minor bullish trend line on a short-term basis, besides the price last decline after offloading its clear oversold levels on the relative strength indicators, increasing the negative pressure that comes from its upcoming trading.
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Avalanche (AVAXUSD) rose slightly in its latest intraday trading, after successfully booking profits and easing its clear overbought conditions on the RSI. The token is now regaining recovery momentum, supported by continued trading above the 50-day SMA and under the dominance of the short-term bullish trend, moving along a supportive minor upward line.
Therefore, we expect the token to rise in the upcoming sessions, as long as it holds above 31.30, targeting the resistance level of 36.20.
Today’s price forecast: Bullish.