The (crude oil) settles high in its last intraday trading, in attempt to breach the solid resistance level at $61.75, supported by its continuous trading above EMA50, under the dominance of bullish corrective wave on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
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The (Gold) price declined in its last intraday trading, breaking the key support level at $4,050, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50,the negative signals that come from the relative strength indicators are intensifying the negative pressure, despite reaching oversold levels.
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The (EURUSD) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to breach the key resistance at 1.1630, besides its attempts to get rid of the pressure of EMA50, supported by the stability of the positive signals on the relative strength indicators, under the dominance of the bullish corrective trend on the short-term basis.
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MyNeighborAlice (ALICEUSDC) declined slightly in its latest intraday trading, moving within a narrow sideways range under continued negative pressure from trading below the 50-day SMA and within the dominance of a short-term descending wave. In addition, bearish signals continue to appear from the relative strength indicators, which further intensify the negative pressure surrounding the price.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.369 holds, targeting the key support level of $0.264.
Today’s price forecast: Bearish.