Crude oil prices witnessed a sharp rise in its recent trades on the intraday levels, due to the stability of the support level at $55.80, which gave it positive momentum, helping it attack the current resistance level of $61.50, supported by positive signals from the Relative Strength Index (RSI).

Gold price has risen in its latest intraday trading, amid attempts to get rid of the negative pressure from the EMA50. It is also attempting to get rid of the oversold conditions indicated by the relative strength index (RSI), especially as a negative overlapping signal begin to appear. while the main bullish trend dominates in the short term, trading along an upward trend line.

The EURUSD price declined in its recent intraday trading, as negative signals have emerged from the relative strength indicators (RSI), after reaching the overbought levels. And testing the resistance at 1.1100, to reach the support of the EMA50, in a last attempt to gain positive momentum that could help it recover and rise again.

Pepe price inched higher in latest intraday trading after leaning on the pivotal support of $0.000006331, lending the price some momentum, but with ongoing negative pressure due to trading below the 50-candle SMA, and with the dominance of the main downward trend in the medium term, with negative signals streaming out of the Stochastic despite reaching oversold levels.

Therefore we expect the price to fall in upcoming trading, especially if the support of $0.000006331 is breached, targeting the next one at $0.0000039411.

Today’s price forecast: Bearish