Crude Oil price kept rising in its last intraday trading, breaching $90.50 resistance which was our expected target in our previous analysis, amid the dominance of the bullish trend on the short-term basis, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, besides the continuation of the dynamic support that is represented by its trading above EMA50, intensifying the positive pressure on the price.

Gold kept declining in its recent intraday trading, leaning on EMA50’s support, as its last attempts to gain bullish momentum that might help it to recover and rise again. This scenario is reinforced by reaching oversold levels by the relative strength indicators, exaggeratedly compared to the price action, to indicate forming positive divergence from them, with the dominance of bullish corrective wave on the short-term basis.

The EURUSD pair declined in its latest intraday trading, breaking 1.1380 support level, this was our expected target in our previous analysis, affected by breaking bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, noticing the emergence of negative signals from the relative strength indicators.

Zcash (ZECUSD) traded within a narrow range during recent intraday trading as the cryptocurrency remained under the control of a short-term bearish corrective trend, with price action continuing to follow a descending trendline that reinforces the prevailing downside bias. Selling pressure also persists as the price continues to trade below its 50-period Simple Moving Average (SMA), reducing the prospects for a sustained recovery in the near term. Meanwhile, momentum indicators have started to form a bearish crossover after reaching excessively overbought levels relative to the price action, suggesting the emergence of a bearish divergence that adds further downside pressure.

Therefore, our outlook remains bearish for the cryptocurrency's upcoming intraday trading sessions, as long as resistance at $526.65 remains intact. Under this scenario, the price is expected to target the next support level at $491.50.

Today's price forecast: Bearish.