The (EURUSD) rose in its last intraday trading, recovering a lot of its early losses, in attempt to offload some of its clear oversold levels on the intraday strength indicators, especially with the emergence of the positive signals from there, reaching the resistance of its EMA50, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline.
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Zcash (ZECUSD) rose in its latest intraday trading, attacking the key resistance level of 176.00, under the control of a short-term bullish trend and trading along an upward-sloping line supporting this trajectory. The price continues to receive positive momentum from trading above the 50-period simple moving average, which enhances the likelihood of breaking that resistance — especially with the RSI showing fresh bullish signals after reaching deeply oversold levels.
Therefore, we expect the cryptocurrency to rise in the coming sessions, particularly if it breaks above the mentioned resistance of 176.00, targeting the next resistance level at 204.00.
Today’s price forecast: Bullish.
Flow (FLOWUSDT) rose in its latest intraday trading, under the control of a short-term corrective bullish wave, supported by the dynamic backing of trading above the 50-period simple moving average, which reinforces the stability of this positive trend. We also notice the beginning of a positive crossover in the RSI after it reached oversold levels.
Therefore, we expect the cryptocurrency to rise in upcoming trading sessions, provided that support holds at 0.368, to target the key resistance level of 0.393.
Today’s price forecast: Bullish.
MicroStrategy (MSTR) showed choppy movement in its latest intraday trading after encountering resistance at its 50-day simple moving average, coinciding with a test of the key resistance level at 358.50. This exposure to selling pressure weakened the bullish momentum that had surrounded the stock in recent sessions, even as it broke a short-term descending trendline and received positive signals from the RSI. The stock is currently attempting to regain upward momentum that could help it overcome these negative pressures.
Therefore, our outlook leans toward a potential rise in the stock’s price in upcoming trading sessions, but only after breaking above the mentioned resistance at 358.50, targeting the next resistance level at 394.00.
Today’s price forecast: Neutral.