The (EURUSD) surged higher in its last intraday trading, after its approach from our expected target at 1.1655 support, attempting to recover some previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators on the relative strength indicators, especially with the emergence of the positive signals from there, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the recovery on the near-term basis.
Ethereum Classic (ETCUSD) stock price recorded choppy movements in its latest intraday trading, as the price attempts to build positive momentum that could help it recover and move higher again. During this process, the price has managed to unwind its overbought conditions on the RSI, indicating the formation of renewed positive momentum on the very short term, under the control of a short-term corrective upward wave, while maintaining dynamic support from trading above its SMA50.
Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as it remains stable above the $12.40 support level, to target the first resistance at $13.10, with strong chances for a breakout. If that occurs, the next target would be the $13.75 resistance level.
Today’s price forecast: Bullish
Dogecoin (DOGEUSD) price recorded a decline in its latest intraday trading, amid incoming negative signals from the RSI. However, we note that the indicator has reached extremely oversold levels compared to price action, suggesting a rapid fading of the surrounding negative momentum in the very short term. The price is currently undergoing a profit-taking phase after its previous gains, while attempting to search for a rising bottom that could form a base to help it regain the positive momentum needed to resume its recovery, under the control of a strong short-term upward sub-wave.
Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as the $0.1417 support level remains intact, to target the key resistance at $0.1555.
Today’s price forecast: Bullish
Dow Inc. (DOW) stock price recorded further gains in its latest intraday trading, amid the dominance of a corrective upward trend and price action moving along a short-term supportive minor trend line. This comes alongside continued dynamic support from trading above its SMA50, while positive signals continue to emerge from the RSI after the price managed to unwind part of its overbought conditions.
Therefore we expect the stock price to rise in upcoming trading, as long as it remains stable above the $23.30 support level, to target the key resistance at $26.00.
Today’s price forecast: Bullish