The (EURUSD) settled with strong rise in its last intraday trading, supported by the emergence of positive signals on the (RSI), and under the dominance of strong minor bullish waves on the short-term basis.
This momentum allowed the price to reach the critical resistance level at 1.575, accompanied by its attempts to surpass the negative pressure that comes from its stability below EMA50, as a signal for its attempts to reinforce the breach and resume the rise.
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Stellar's price (XLMUSD) held onto slight gains in the latest intraday trading, as it attempts to overcome the negative pressure from the 50-period simple moving average and unwind its clear overbought conditions on the Relative Strength Indicators, which continue to emit negative signals. However, the price is also influenced by a positive short-term technical pattern — the falling wedge — which may support a swift recovery once surrounding bearish pressure eases.
Therefore, we expect the price to rise in the upcoming sessions, as long as support remains steady at $0.361200, targeting the key resistance level of $0.514783.
Today’s price forecast: Bullish.
Avalanche's price (AVAXUSD) declined in the latest intraday trading after encountering resistance from the 50-period simple moving average. The cryptocurrency remains under the influence of a short-term corrective bearish wave, with a negative divergence beginning to form on the Relative Strength Indicators. These indicators have entered heavily overbought territory, showing exaggerated levels compared to price action, as negative signals begin to emerge.
Therefore, we expect the price to decline in the upcoming intraday sessions, as long as resistance remains firm at $23.15, targeting the support level of $20.60.
Today’s price forecast: Bearish.
Johnson & Johnson's stock price (JNJ) turned green in the latest intraday trading, successfully breaking through the key resistance level at $168.85. The stock remains under the control of a short-term upward trend, trading along a rising slope and supported by sustained bullish pressure from holding above the 50-day SMA. The recent rise also follows a successful cooling of overbought signals on the Relative Strength Indicators, giving the stock greater room to pursue further gains.
Therefore, we expect the stock price to continue rising in upcoming sessions, especially as long as it remains above $168.85, targeting the next resistance level at $177.80.
Today’s price forecast: Bullish.