Crude oil price rose in its last intraday trading, to surpass the main resistance at $100.00, supported by its continued trading above EMA50, with the dominance of the main bullish trend on the short-term basis, noticing the emergence of positive overlapping on the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains in the near-term basis.

Gold price keeps its early gains for today, amid its stability above the key resistance level at $4,500, with the emergence of the positive signals from the relative strength indicators, under the dominance of the bullish corrective wave on the short-term basis, to attempt to get rid of the negative pressure of EMA50, announcing its full recovery.

(EURUSD) prices continued to decline in their last intraday trading, reaching support level of 1.1445, which represented our expected target in our morning analysis, amid the dominance of the short-term main bearish trend, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels. 

Cardano (ADAUSD) price continued to rise during its latest intraday trading, as the price attempts to correct the main downward trend, moving along a short-term minor upward trend line that supports this move. However, negative pressure persists as the price remains below its 50-day simple moving average, limiting the chances of a sustained recovery in the near term. Meanwhile, the Relative Strength Index has reached heavily overbought levels, in an exaggerated manner compared to price action, signaling a rapid weakening in positive momentum.

Therefore, our expectations lean toward a decline in the cryptocurrency’s price during upcoming intraday trading, as long as the resistance level at $0.2430 holds, targeting the key support level at $0.2300.

Today’s price forecast: Bearish