XRPUSD edged slightly higher in its latest intraday trading, driven by positive signals from the RSI after reaching deeply oversold levels, as the price attempts to unwind this oversold condition. However, downside pressure remains in place due to trading below its 50-period SMA, which reinforces the dominance of the main bearish trend in the short term, especially with price action moving alongside a supporting downward trendline.

Therefore we expect the cryptocurrency price to decline in the upcoming intraday trading, as long as resistance at 1.9110 holds, to target the key support level at 1.7890.

Today’s price forecast: Bearish

Litecoin (LTCUSD) retreated in its latest intraday trading, rebounding once again from support at its 50-period simple moving average, as the price attempts to build positive momentum that could support a recovery and renewed upside. This comes amid the dominance of a short-term corrective bullish wave, with price action moving alongside a supportive trendline, in addition to positive signals emerging from the RSI.

Therefore we expect the cryptocurrency price to rise in the upcoming intraday trading, provided that support at 76.50 holds, to target the key resistance level at 80.15.

Today’s price forecast: Bullish

Mattel, Inc. (MAT) declined in its latest intraday trading, as the stock attempts to build positive momentum that could help it recover and move higher again. This comes amid continued dynamic support from trading above its 50-period simple moving average, which strengthens the chances of a near-term rebound, especially with the main bullish trend dominating the short term and price action moving alongside major and minor supportive trendlines. In addition, a positive divergence has started to form on the RSI after it reached deeply oversold levels in an exaggerated manner compared to price action, accompanied by the emergence of positive signals.

Therefore we expect the stock price to rise in the upcoming intraday trading, as long as support at 19.72 holds, to target the key resistance level at 21.45.

Today’s price forecast: Bullish

Amazon.com, Inc. (AMZN) edged slightly lower in its latest intraday trading, as the stock attempts to build positive momentum that could help it resume its upward move. At the same time, it is working to relieve some of its overbought conditions on the RSI, especially with the early emergence of a negative crossover. This comes while the main bullish trend remains in control in the short term, with price action moving alongside a supportive upward trendline, in addition to benefiting from dynamic support provided by trading above its 50-period simple moving average.

Therefore we expect the stock price to rise in the upcoming intraday trading, as long as it holds above 226.30, to target the first resistance level at 242.50.

Today’s price forecast: Bullish