The (EURUSD) supported by its lean on the support of its EMA50, gaining some bullish momentum that helped it to achieve slight gains on its last intraday levels, especially with the positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price movement, with the emergence of the positive signals from them, amid the dominance of the main bullish trend on the short-term basis.
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Litecoin (LTCUSD) held lower in recent intraday trading, finding support at the 50-day SMA while attempting to build positive momentum for a recovery. The cryptocurrency is still under a short-term ascending trend with movement along a supportive line, though RSI indicators show negative signals after reaching overbought zones.
Therefore, we expect the price to rise in the upcoming sessions, as long as it holds above 112.00, targeting the key resistance at 121.00.
Today’s price forecast: Bullish.
Stellar (XLMUSD) rose slightly in recent intraday trading, supported by price action above the 50-day SMA and the dominance of a short-term corrective uptrend with movement along a supportive trend line. However, RSI indicators show a negative crossover after reaching overbought levels, which has limited the latest gains.
Therefore, we expect the cryptocurrency to rise in its upcoming sessions, targeting the key resistance level of 0.414396 in preparation to challenge it.
Today’s price forecast: Bullish.
Etsy Inc. (ETSY) strengthened its gains in recent intraday trading, managing to surpass resistance at its 50-day SMA, removing prior negative pressure and opening the way for further upside. The short-term corrective uptrend remains intact with trading near a supportive trend line. However, RSI shows a negative crossover after reaching overbought levels, which may limit additional gains.
Therefore, we expect the stock to rise in its upcoming sessions, as long as support at 55.95 holds, targeting the resistance level of 65.00.
Today’s price forecast: Bullish.