The (crude oil) settled higher in its last intraday trading, hitting the resistance of EMA50, which puts it under negative pressure amid the dominance of the main bearish trend on the short-term basis and its trading alongside minor trend line, besides the relative strength indicators reaching overbought levels.

(Gold) witnessed fluctuated trading within limited range of sideways trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis, with the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

The (EURUSD) rose in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, opening the way for achieving more gains on the near-term basis, preparing to attack 1.1695 resistance, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis.

Cardano (ADAUSD) declined in its latest intraday trading, as the price attempts to gain positive momentum that may help it recover and rise again. At the same time, it is trying to relieve part of its overbought saturation on the RSI indicators, especially with the beginning of negative signal inflows. This comes under the dominance of a short-term corrective upward wave with the price moving along a trendline, supported by dynamic backing from trading above its 50-day SMA, which strengthens the likelihood of a near-term recovery.

Therefore we expect the cryptocurrency to rise in its upcoming intraday trading, especially as long as it remains stable above 0.4080, targeting the first resistance level at 0.4460.

Today’s price forecast: Bullish