Evening update for EURUSD -03-07-2025
AI Summary
- EURUSD declined in last intraday trading due to negative signals on RSI
- Attempting to reach overbought levels to gain positive momentum and recover
- Trading alongside a bias line with positive support above EMA50
The (EURUSD) declined in its last intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to reach overbought levels, to attempt to gain positive momentum that might assist it to recover and rise again, amid the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support due to its trading above EMA50.
Polygon price exits descending secondary price channel - Analysis - 03-07-2025
Polygon’s currency price (MATICUSDT) rose in latest intraday trading, breaking above the ceiling of a short-term descending price channel that had confined previous trades, supported by trading above the 50-day SMA and positive signals streaming from the Stochastic, despite it reaching overbought levels.
Therefore we expect the currency to rise in upcoming intraday trading, as long as the support level of 0.175 holds on, targeting the resistance level of 0.206.
Today’s price forecast: Bullish
Alchemy Pay price garners positive momentum - Analysis - 03-07-2025
Alchemy Pay’s currency price (ACHUSD) edged lower in latest intraday trading, as the price attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. It is gathering positive momentum that may help it rise anew, amid the impact of a breached short-term descending trend line, supported by trading above the 50-day SMA.
Therefore we expect the currency to rise in upcoming intraday trading, as long as it remains above the price of 0.018334, targeting the resistance level of 0.020270.
Today’s price forecast: Bullish
Docusign price ends cautiously higher - Forecast today - 03-07-2025
DocuSign, Inc.’s stock price (DOCU) inched higher in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA. Additionally, we notice a negative divergence forming on the Stochastic after reaching extremely overbought levels, exaggerated relative to the price movement, alongside emerging negative signals streaming from it.
Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $84.65 holds on, targeting the support level of $73.90 in preparation for a breakdown.
Today’s price forecast: Bearish