The (crude oil) price declined in its last intraday trading, after reaching our last expected target at $58.20 resistance, attempting to gains bullish momentum that might help it to recover and breach this resistance, to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the dominance of bullish corrective wave on the short-term basis.
(Gold) settled on a decline in its last intraday trading, attempting to gather the gains of its previous rises, and attempts to offload its overbought conditions on the relative strength indicators, gathering its bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this track.
The (EURUSD) declined on its last trading in the intraday basis, after reaching our expected- morning target at 1.1800, attempting to gain bullish momentum that might help it to breach this resistance, and attempts to offload some overbought conditions on the relative strength indicators, amid the dominance of the bullish trend on the short-term basis and its trading alongside trend line.
Dogecoin (DOGEUSD) declined in its latest intraday trading, as the main bearish trend continues to dominate the short term, with price action moving alongside a minor downward trendline that supports this path. Negative signals are coming from the RSI, despite reaching deeply oversold levels, while the price has started to break below its 50-period SMA, exposing it to additional downside pressure in the near term.
Therefore we expect the cryptocurrency price to decline further in the upcoming intraday trading, as long as resistance at 0.1345 holds, to target the first support level at 0.1255.
Today’s price forecast: Bearish