Crude Oil price slipped lower during its latest intraday trading, breaking below the support of a short-term minor ascending trend line, with the emergence of negative signals from the relative strength indicators, which increased the bearish pressure and pushed the price below its EMA50, reducing the chances of a near-term recovery, especially if nearby support levels are broken.

Gold price recorded strong gains during its latest intraday trading, stabilizing once again above the $4,500 resistance level, supported by emerging positive signals from the relative strength indicators after forming a positive divergence, which helped the price gain bullish momentum. despite this rebound, the dominant trend remains corrective bearish, as negative dynamic pressure continues with the price trading below its EMA50, which threatens any full recovery attempts in the near term.

The (EURUSD) price surged higher during its latest intraday trading, supported by the resilience of the 1.1590 support level, providing positive momentum that  increased further as positive signals began to emerge from the relative strength indicators, following the formation of a positive divergence, allowing the pair to ease oversold conditions and recover part of its previous losses.

Dogecoin (DOGEUSD) price edged slightly higher in its latest intraday trading, driven by continued positive signals from the Stochastic indicators, which provided the price with some positive momentum through which it attempts to recover part of its previous losses, amid continued negative pressure from trading below its 50-day SMA, which reduces the chances of a near-term recovery, especially after previously breaking a main upward trend line in the short term, allowing the corrective bearish trend to dominate the price movement.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $0.1070 resistance level, targeting the psychological support level at $0.1000.

Today’s price forecast: Bearish