The (EURUSD) settled with sharp decline in its last intraday trading, amid the emergence of negative signals on the relative strength indicators, after reaching overbought levels, to break the current support at 1.1675, increasing the negative pressure, on the other hand, the price takes advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis.
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Ripple (XRPUSD) advanced slightly in its latest intraday trading, attempting to recover part of its previous losses while also working off its clearly oversold levels shown by the relative strength indicators, especially amid the start of positive signals emerging from them. However, ongoing dynamic pressure from trading below the 50-day SMA reduces the chances of a near-term recovery, while the main short-term bearish trend remains dominant, with trading along a descending line that reinforces this direction.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.5397 holds, targeting the support level of $1.7710.
Today’s price forecast: Bearish.
Dogwifhat (WIFUSD) settled lower in its latest intraday trading, as the main short-term bearish trend remains dominant with trading along a descending line that supports this direction. Continuous negative pressure persists from trading below the 50-day SMA. However, positive signals have begun to appear from the relative strength indicators after reaching extremely oversold levels, which may help limit the cryptocurrency’s upcoming losses.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.61967 holds, targeting the support level of $0.15406.
Today’s price forecast: Bearish.
Alphabet Inc (GOOG) stock declined slightly in its latest intraday trading after stabilizing at the key resistance level of $256.70, taking profits from its previous gains while attempting to gain new positive momentum that could help it break through that resistance. The move is supported by ongoing dynamic strength from trading above the previous 50-day SMA and under the dominance of the main bullish trend on both the medium- and short-term charts, along with positive signals from the relative strength indicators.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially if it breaks above the mentioned resistance level of $256.70, targeting its next resistance at $285.40.
Today’s stock forecast: Bullish.