The (EURUSD) rose in its last intraday trading, attempting to recover some of its recent losses, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside trendline, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators.
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Cardano (ADAUSD) rose slightly in its latest intraday trading, supported by continued movement above its 50-day simple moving average, which provides dynamic support. The cryptocurrency remains under the influence of a short-term corrective bullish wave, trading along an upward trend line. Moreover, the price has successfully unwound previous overbought conditions on the RSI, giving it more room to extend gains in the coming sessions.
Therefore, we expect the cryptocurrency to rise in upcoming trading, as long as support holds at 0.8277, targeting the key resistance level of 0.8929.
Today’s price forecast: Bullish.
Binance Coin (BNBUSD) held strong gains in its latest intraday trading, reaching the 1,337 resistance level. The cryptocurrency remains supported by continuous trading above its 50-day simple moving average, under a firmly established main bullish trend and trading along an upward sloping line. Moreover, the RSI continues to show positive signals, even as it stays within heavily overbought zones, which may indicate ongoing bullish momentum.
Therefore, we expect the cryptocurrency to rise in upcoming trading, particularly if it breaks above the mentioned resistance at 1,340, targeting the next resistance level at 1,490.
Today’s price forecast: Bullish.
Affirm Holdings (AFRM) declined in its latest intraday trading, pressured by a break of its main short-term uptrend line, which placed it under the control of a corrective bearish wave. The negative pressure continues as the stock trades below its 50-day simple moving average. The latest drop came after the stock successfully unwound its oversold conditions on the RSI, allowing room for further downside movement in the near term.
Therefore, we expect the stock to fall in upcoming sessions, as long as resistance holds at 80.75, targeting the support level of 69.80.
Today’s price forecast: Bearish.