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Forecast update for Ethereum -16-07-2026

Economies.com
2026-07-16 10:54 UTC

 

 

Ethereum (ETHUSD) declined on its last intraday levels, due to the stability of the resistance at $1,940, which was a previous expected target, to attempt to gain bullish momentum that might help it to recover and breach this resistance, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of a near recovery.

 

 

Forecast update for Bitcoin -16-07-2026

Economies.com
2026-07-16 10:51 UTC

 

 

The price of Bitcoin slipped lower on its last intraday levels, amid the emergence of negative signals from the relative strength indicators, attempting to look for a higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the positive pressure that comes from its trading above EMA50, with the dominance of minor bullish wave on the short-term basis and its trading alongside supportive trend line that reinforces the strength of this trend.

 

 

Forecast update for Brent -16-07-2026

Economies.com
2026-07-16 10:49 UTC

 

 

Brent crude oil is looking for a trend in its last intraday trading by sideways fluctuating trading, taking advantage of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, which obstructs the recovery attempts.

 

 

Forecast update for crude oil -16-07-2026

Economies.com
2026-07-16 10:46 UTC

 

 

Crude Oil moves within limited sideways range in its last intraday levels, with the emergence of negative signals from the relative strength indicators, which obstructs the recovery attempts in the previous period, to continue its attempts to gain the required bullish momentum for breaching the solid resistance at $79.00, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of near upcoming period.