The (crude oil) price declined in its last intraday trading, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to rise again, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the dominance of strong bullish corrective wave on the short-term basis, and there is positive support due to its trading above EMA50.

(Gold) kept rising in its last intraday trading, taking advantage of breaching $4,380, amid the continuation of the dynamic pressure that is represented by its trading above EMA50,reinforcing the strength and dominance of the main bullish trend on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the gains in the upcoming gains.

The (EURUSD) extended its gains on its last intraday trading, breaching 1.1755 resistance. This resistance represents expected target in our previous analysis, supported by the emergence of the positive signals on the relative strength indicators, supported by its continuous trading above EMA50, under the dominance of the main bullish trend alongside trendline.

Cardano (ADAUSD) advanced in its latest intraday trading, supported by positive signals from the RSI indicators after they had previously reached extremely oversold levels. However, this move comes under the dominance of the main short-term descending trend, with continued negative pressure from trading below the 50-day SMA, which limits the price’s chances of a sustained recovery in the near term.

Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level at 0.3700, targeting the support level at 0.3370.

Expected trend for the upcoming trading: Bearish