The (crude oil) settled lower in its last intraday trading, amid its trading alongside minor bearish trend line on a steep short-term basis, indicating the dominance and strength of this trend, especially with its stability below $58.25, besides the emergence of the negative signals on the relative strength indicators.

(Gold) witnessed fluctuated trading on its last intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend and its trading alongside minor trend line that reinforces the stability of this track, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.

The (EURUSD) rose in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, supported by its continuous trading above EMA50, affected by positive technical formation that formed on the short-term basis, represented by the inverted head and shoulders pattern.

Ripple (XRPUSD) declined in its latest intraday trading, as the price attempts to search for a rising bottom that could serve as a base to help it acquire the positive momentum needed to resume its recovery. This comes after it collided with the resistance of a short-term descending secondary trendline, prompting the price to gather positive strength that may eventually help it break through this dynamic resistance, supported by its continued trading above the 50-day SMA, which strengthens the likelihood of a near-term rebound.

Therefore we expect the cryptocurrency to rise in its upcoming intraday trading, especially if the current support level at 2.1507 holds, targeting the pivotal resistance level of 2.2819 in preparation for testing it.

Today’s price forecast: Neutral