The (EURUSD) declined in its last intraday trading, after offloading its clear oversold levels on the (RSI) in its previous trading, opening the way to decline, amid the dominance of the bearish correctional trend on the short-term basis and its trading within channel’s range, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the pair.
Tron’s currency price (TRXUSD) declined in latest intraday trading, after failing to breach the stubborn resistance level of 0.30544756, as it attempts to gather positive momentum that may support a renewed rise. The short-term trend remains bullish, with the price trading alongside a rising trend line and continuing to benefit from positive pressure due to trading above the 50-period SMA. Meanwhile, the Stochastic has reached extremely oversold levels, exaggerated relative to the price movement, indicating the beginning of a potential positive divergence.
Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of 0.29552387 holds on — especially if it breaches the resistance of 0.30544756 — targeting the next resistance level at 0.31809306.
Today’s price forecast: Bullish
Litecoin’s currency price (LTCUSD) edged slightly lower in latest intraday trading, as the price takes profits from previous gains and attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid the dominance of the main upward trend in the short term and trading alongside a rising trend line, with ongoing dynamic support from trading above the 50-period SMA — providing added stability to the price’s next move.
Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $93.66 holds on, targeting the key psychological resistance level of $100.00.
Today’s price forecast: Bullish
Robinhood Markets’ stock price (HOOD) edged slightly lower in its latest session, as the stock attempts to gather positive momentum that may help it rise anew. This comes amid the dominance of the main upward trend in the medium term and trading alongside a short-term rising trend line, with ongoing positive pressure from trading above the 50-day SMA. The stock is also reacting to a forming positive divergence on the Stochastic, after it reached extremely oversold levels relative to the price movement, with early positive signals starting to emerge.
High-Risk Warning: HOOD belongs to a category of so-called "meme stocks," which are often subject to high speculative trading. As a result, price movements can frequently deviate from both technical expectations and financial reports, and may be highly unpredictable.
Therefore we expect the stock to rise in upcoming trading, as long as the support of $89.90 holds on, targeting the first resistance level at $110.50.
Today’s price forecast: Bullish