The price of Bitcoin (BTCUSD) has slipped lower during its recent intraday trading, reaching our morning target at the support level of $101,000. Continuing its bearish correctional move on the short-term basis, trading alongside a bias line

This decline comes amid continued negative pressure from the price trading below the 50, besides the emergence of the negative signals on the (RSI), despite its stability in a deep oversold level, indicating the weakness of the bullish momentum, and increases the possibilities to the bearish correctional extensions unless showing clear rebounding signals.

Based on this, our scenario suggests a decline in Bitcoin’s price during the upcoming intraday sessions, especially if it breaks below the key support at $101,000, to make its next target at the support level at $98,000.

The expected trading range is between $99,000 support and $103,000 resistance.

Today’s forecast: Bearish

The (GBPUSD) price declined in its last intraday trading, due to the stability of the key resistance at 1.3585, in attempt to gain a positive momentum that might assist it to breach this resistance, and attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with the continuation of the positive support that comes from its trading above its EMA50.

The (Gold) price settles low in its last intraday trading, after breaching the critical resistance at $3,365 temporarily, before losing the momentum and returns to decline again, affected by the appearance of negative signals on the (RSI) after reaching overbought levels.

Despite this decline, the main trend remains bullish on the short-term basis, and it remains within a minor bullish channel’s range, getting dynamic support from its trading above the EMA50, providing a new chance for gathering its positive strength and attempts to resume the bullish wave.

Therefore, our expectations suggest a rise in (Gold) prices in the upcoming intraday trading, especially if the price settles above $3,365, to target its next resistance at $3,435.

The expected trading range is between $3,330 support and $3,435 resistance.

Today’s forecast: Bullish

The (EURUSD) settled low in its last intraday trading, after reaching our morning target at the resistance level at 1.1490, bouncing lower in attempt to gain positive momentum that might assist to breach it, to offload its overbought conditions on the (RSI).

This comes amid the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis, reinforcing the chances for regaining the positive momentum, especially when it settles above the near support levels, getting ready to a new attempt to breach this resistance.

Therefore, our scenario suggest bullish moves in (EURUSD) upcoming intraday trading, conditioned by the stability of the support at 1.1420, targeting the resistance level of 1.1490 preparing to attack it, while breaching this resistance will make the next target at key resistance at 1.1550.

The expected trading range is between 1.1400 support and 1.1530 resistance.

Today's forecast: Bullish