The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by the stability of the critical resistance of $110,500, which stopped the bullish wave temporarily, this decline was an attempt to gain the required bullish momentum to breach this resistance, with the continuation of the bullish trend effect on the short-term basis, where the price moves alongside a bias line that supports the overall bullish track.

The price attempts to offload the clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance from them, opening the way for gathering the required momentum to resume the rise.

Therefore, our expectations suggest a rise in (BTCUSD) price in the upcoming intraday sessions, conditioned by breaching the mentioned resistance at $110,500 initially, and its next target is located at $112,400.

The expected trading range is between $108,400 support and $111,500 resistance.

Today’s forecast: Bullish

The (crude oil) declined in its last intraday trading, but it remains stable above the critical support at $65.55, keeping the chances for resuming the bullish moves valid in the upcoming period, this last decline comes in attempt to gain the required bullish momentum to support its potential rise, besides the continuous dynamic pressure of EMA50, reinforcing the strength of this level as an important leaning point.

The price attempts to offload its clear overbought condition on the (RSI), with the beginning of the negative signs appearing from them, opening the way for achieving more of the gains on the upcoming intraday basis.

Therefore, our expectations suggest a rise in (crude oil) prices in the upcoming intraday trading, especially if it settles above the support mentioned at $65.55, to target resistance levels at $68.00.

The expected trading range is between $64.50 support and $68.00 resistance.

Today’s forecast: Bullish

The (Gold) price rose in its last intraday trading, due to its lean on the support of EMA50, providing some positive momentum, accompanied by reaching the current support at $3,330, after its decline in yesterday’s trading, in attempt to gain the required momentum to return to the bullish track again, especially with its exit from the range of a bearish correctional channel that limited its previous trading on the short-term basis.

Noticing the reach of the (RSI) to exaggerated oversold levels, which reinforces the possibilities for a bullish technical rebound in the upcoming intraday basis.

Therefore, our expectations suggest a rise in the (Gold) prices in the upcoming intraday trading, if it settles above $3,330 to target the resistance level of $3,390. 

The expected trading range is between $3,295 support and $3,390 resistance.

Today’s forecast: Bullish

The (EURUSD) rose in its last intraday trading, taking advantage of its bullish rebound from the critical support at 1.1745, which stopped the last decline, supported by the momentum that comes from the price stability above EMA50, which indicates the continuation of the dynamic support for the price move.

Offloading the overbought conditions that appear on the (RSI) assisted to open the way for the bullish move, reinforcing the possibility for the continuation of the gains in the upcoming moves, affected by the effect of the main bullish trend on the short-term basis, and its trading alongside w bias line that indicates the strength of the bullish trend.

Therefore, our expectations for the (EURUSD) suggest a rise in the intraday levels, conditioned by its stability above the support of 1.1745, to target the resistance at 1.1880.

The expected trading range is between 1.1700 support and 1.1880 resistance.

Today’s forecast: Bullish