The (crude oil) rose in its last intraday trading, to recover some of its previous losses, amid the dominance of the main bearish trend on the short-term basis, and its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions.
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The (Gold) price continued its rise in its last intraday trading, amid the dominance of the main bullish trend and its trading alongside supportive trendline, taking advantage of the dynamic support that is represented by its trading above EMA50, despite the stability of relative strength indicators in the overbought level, to indicate the dominance of the buying powers.
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The (EURUSD) rose in its last intraday trading, supported by its trading above EMA50, forming dynamic support that reinforces the bullish momentum, especially with the emergence of the positive signals on the relative strength indicators, and under the dominance of the bullish trend on the short-term basis and its trading alongside supportive bias.
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Hedera Hashgraph (HBARUSD) declined in its latest intraday trading, with the short-term downtrend prevailing as price moves along a descending trend line. Continued pressure from trading below the 50-period SMA limits recovery prospects in the near term. In addition, RSI indicators show bearish signals despite sitting in oversold territory, reflecting persistent selling pressure.
Therefore, we expect the cryptocurrency to decline in upcoming sessions, especially if it breaks the key support of 0.21097, targeting the next support at 0.19103.
Today’s price forecast: Bearish.