The (Bitcoin) rose slightly in its last intraday trading, taking advantage of the stability of the critical support level at $104,000, which helped it to gain some positive momentum, especially with the emergence of recovery signals on the (RSI) after reaching oversold levels.

This limited bullish movement comes despite the continuation of the negative pressure that comes from its trading below EMA50, amid the dominance of the bearish correctional trend on a short-term basis, with the continuation of its move alongside a bearish bias line, which makes the current attempts to rise represent an attempt to offload some of its oversold conditions.

Therefore, our expectations suggest a decline in (Bitcoin) prices in the upcoming intraday trading, if the resistance settles at $106,550, especially when breaking the support at $104,000, and its next target will be at the support level at $101,000.

The expected trading range is between $102,500 support and $106,550 resistance.

Today’s forecast: Bearish

The (crude oil) settled on a slight decline in its last intraday trading, affected by the pressure of a strong resistance at $63.50, besides the emergence of the negative signals on the (RSI), which reverse the attempts of offloading the overbought conditions.

The price gets technical support from its lean on the EMA50, accompanied by the continuation of the bullish correctional trend domination on the short-term basis and its trading alongside a bullish bias line, providing a chance for building a new bullish momentum that might push it to resume the rise in case breaching the mentioned resistance.

Therefore, our expectations suggest a rise in (crude oil) prices in the upcoming intraday trading, conditioned by the stability of the support level at $61.40, to target the resistance level at $63.50.

The expected trading range is between $61.70 support and $63.50 resistance.

Today’s forecast: Bullish

The (Gold) price rose in its last intraday trading, holding above the critical resistance level at$3,365, to confirm its positive breach for this barrier, amid its trading within a minor bullish channel’s range on a short-term basis.

This performance is supported by the continuation of its trading above EMA50, which represents a key dynamic support besides the emergence of the positive signals on the (RSI), reinforcing the chances for extending the bullish wave and targeting higher levels in the upcoming sessions.

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) rose slightly in its last intraday trading, to attack the critical resistance level at 1.1420, which forms an obstacle against resuming the rise, this comes amid the dominance of the bullish trend on the short-term basis, with the trading of the pair alongside a minor bullish bias.

The price is supported by its stability above the EMA50, which reinforces the positive momentum, besides the emergence of positive signals on the (RSI) after exiting the oversold levels, which supports the chances of breaching this resistance and continuing the rise in the upcoming sessions.

Therefore, our expectations suggest more upside movements in (EURUSD) prices in the upcoming intraday trading, conditioned by breaching the mentioned resistance at 1.1420, to target the initial resistance level at 1.1490.

The expected trading range is between 1.1375 support and 1.1475 resistance.

Today’s forecast: Bullish