The (crude oil) price surged higher in its last intraday trading, benefiting from the emergence of positive signals from relative strength indicators, with the continuation of the positive pressure that comes from its trading above EMA50, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.
Gold price rose in its last intraday trading, to reach our morning expected target at $5,200, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, with its trading alongside minor bullish trend line on the short-term basis, offloading its overbought conditions from relative strength indicators, pushing it to achieve new gains.
(EURUSD) witnessed fluctuating trading on its last intraday levels, due to its leaning on 1.1775 support level, as we expected in our previous report, to bounce lower after the stability of this support, amid the continuation of the negative pressure due to the trading below EMA50, with the emergence of negative signals from relative strength indicators, after reaching overbought levels.
Dogecoin (DOGEUSD) price recorded gains in its latest intraday trading, driven by positive signals emerging from the Stochastic indicator after reaching deeply oversold levels, as the price attempts to recover part of its previous losses. However, negative pressure remains in place as the price continues to trade below its 50-day SMA, reinforcing the stability and dominance of the main short-term bearish trend, especially with movement alongside a trendline supporting this path.
Therefore we expect the cryptocurrency price to decline in its upcoming intraday trading sessions, as long as resistance at $0.1015 remains intact, targeting the first support level at $0.0875.
Today’s price forecast: Bearish