The (crude oil) rose strongly in its last intraday trading, erasing all its early losses for today, after offloading its clear overbought conditions on the relative strength indicators, opening the way for achieving more of the gains on the near-term basis, amid the dominance of bullish correction wave on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50.
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The (Gold) price witnessed fluctuated trading on its last intraday levels, amid its continuous trading gaining positive momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis, with its trading above EMA50, representing dynamic support that reinforces the chances for the price recovery, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
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The (EURUSD) slipped lower in its last intraday trading, surpassing our expected target at 1.1680 support, affected by breaking main bullish trend line on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading some of its oversold conditions, opening the way for recording strong losses.
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Pepe (PEPEUSD) declined in recent intraday trading, remaining under the control of the short-term downtrend along a descending slope, with ongoing negative pressure as the price holds below the 50-period SMA. This weakness is reinforced by bearish signals from the RSI, which had reached extreme overbought levels, amplifying the downside risks.
Therefore, we expect the coin to continue its decline in upcoming sessions, particularly if it breaks below the key support at 0.00000912, targeting the next support level at 0.00000816.
Today’s price forecast: Bearish.