The (crude oil) price declined in its last trading on the intraday levels, amid the emergence of the negative signals on the relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on the short-term basis and its trading above EMA50, reinforcing the chances for recovery in the upcoming period.

(Gold) returned to decline in the last intraday trading, after offloading its oversold conditions on the relative strength indicators, retesting bullish trend line that was broken previously on the short-term basis, besides the dynamic and negative pressure that is represented by its trading below EMA50, reducing the chances of the price recovery on the near-term basis.

 The (EURUSD) witnessed fluctuating trading in its last intraday trading, affected by its exit from bullish channel’s range that limited its previous trading on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, noticing the emergence of positive signals on relative strength indicators, after reaching oversold levels, attempting to offload this oversold conditions, causing the fluctuating trading.

Cardano (ADAUSD) has been showing choppy, sideways movement in its latest intraday trading, while the main bearish trend continues to dominate the short term, with price action moving alongside a supporting downward trendline. Ongoing negative pressure persists as the price trades below its 50-period SMA, limiting the chances of a near-term recovery, especially with the emergence of a negative crossover on the RSI after the price managed to unwind its oversold conditions.

Therefore we expect the cryptocurrency price to decline in the upcoming intraday trading, as long as resistance at $0.3520 holds, to target the key support level at $0.3320.

Today’s price forecast: Bearish