The (EURUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, surpassing the resistance of EMA50, in a significant step for getting rid of the negative pressure, to notice the (RSI) reach overbought levels, which indicate ending the bullish momentum on the near-term basis.
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Ripple (XRPUSD) price settled with cautious gains in its latest intraday trading, but faced resistance at its 50-day SMA, which limited its recent advance. The price also moves along a minor corrective downward slope line on the short term, reinforcing the bearish outlook. At the same time, a negative divergence is forming in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to the price movement, with negative signals starting to appear.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 3.0828 holds, to then target the key support level of 2.7387, with chances of breaking below it.
Today’s price forecast: Bearish.
dogwifhat (WIFUSD) price settled with cautious gains in its latest intraday trading, touching resistance at its 50-day SMA, which exposed it to negative pressure. This pressure is further reinforced by the start of negative signals in the Stochastic indicators after reaching strongly overbought levels. Meanwhile, the short-term corrective bearish trend remains in control, with trading moving along a downward slope line that supports this path.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 0.85600 holds, to then target the key support level of 0.63617.
Today’s price forecast: Bearish.
Adobe Inc. (ADBE) stock declined in its latest intraday trading, under continued negative pressure from trading below its previous 50-day SMA, which acts as dynamic resistance preventing recovery in the short term. The stock is also moving along a minor downward trend line on the short term, while negative signals continue to appear in the Stochastic indicators after previously reaching strongly overbought levels.
Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 373.75 holds, to then target the key support level of 330.00.
Today’s price forecast: Bearish.