The (crude oil) price settles with good gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, with its trading alongside bullish corrective trend line on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.

(Gold) declined in the last intraday trading, affected by reaching the resistance of EMA50, which put it under negative pressure, keeping the bearish corrective wave dominant, affected by breaking minor bullish trend line on the short-term basis previously, after offloading its oversold conditions on the relative strength indicators.

The (EURUSD) slipped lower in its last intraday trading, breaking main bullish trend line on the short-term basis, putting it under negative pressure, which led it to surpass EMA50’s support, intensifying the negative pressure, especially with the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions.

XRPUSD edged slightly higher in its latest intraday trading, driven by positive signals from the RSI after reaching deeply oversold levels, as the price attempts to unwind this oversold condition. However, downside pressure remains in place due to trading below its 50-period SMA, which reinforces the dominance of the main bearish trend in the short term, especially with price action moving alongside a supporting downward trendline.

Therefore we expect the cryptocurrency price to decline in the upcoming intraday trading, as long as resistance at 1.9110 holds, to target the key support level at 1.7890.

Today’s price forecast: Bearish