The (crude oil) rose in its last trading on the intraday levels, due to the stability of the current support level at $56.35, gaining some positive momentum that helped it to achieve these slight gains, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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The (Gold) price rose in its last intraday trading, approaching the $4,375 resistance level, which was our last suggested target, supported by the emergence of positive signals on the relative strength indicators, dominated by the main bullish trend and its trading alongside minor trend line on the short-term basis.
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The (EURUSD) rose in its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis, with the emerging of the positive signals on the relative strength indicators, after reaching oversold levels, supported by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.
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Shiba Inu (SHIBUSDT) rose in its latest intraday trading, attempting to correct the main short-term bearish trend while trading along an ascending line that supports this move. The recent rise brought the price to test resistance at the 50-day SMA, which increases the negative pressure around the cryptocurrency. This comes as the relative strength indicators reached extremely overbought levels compared to the price movement, suggesting the beginning of a bearish divergence.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.000011282 holds, targeting the support level of $0.000009234.
Today’s price forecast: Bearish.