The (EURUSD) witnessed fluctuating trading in its last intraday trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, leaning on the support of its EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, which led to this fluctuation.
XRP (XRPUSD) edged slightly higher in its latest intraday trading after the pivotal support level at 1.8183 held, providing the price with some positive momentum that helped it recover part of its previous losses. At the same time, the price is attempting to relieve some of its clear oversold condition on the RSI indicators, especially with the start of positive signal inflows. However, negative pressure persists as the price continues to trade below its 50-day SMA, reinforcing the stability of the main short-term descending trend, with price action moving alongside a trendline.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks the mentioned support level at 1.8183, targeting thereafter the next support at 1.6915.
Expected trend for the upcoming trading: Bearish
Litecoin (LTCUSD) remained lower in its latest intraday trading, amid the dominance of the main short-term descending trend, with price action moving alongside a trendline. Negative pressure continues due to trading below the 50-day SMA, leaving the price poised to break the pivotal support level at 74.35. However, on the other hand, we note the emergence of a positive crossover on the RSI indicators after reaching extremely oversold levels, which may help curb further losses.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks the mentioned support at 74.35, targeting thereafter the next support level at $70.80.
Expected trend for the upcoming trading: Bearish
Duolingo, Inc. (DUOL) declined in its latest intraday trading, amid continued negative pressure from trading below its previous 50-day SMA, which reinforces the stability and dominance of the main short-term descending trend, with the price moving alongside a trendline. In addition, negative signals continue to flow from the RSI indicators after reaching extremely overbought levels, reflecting a loss of positive momentum in the near term.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $213.00 remains intact, targeting the pivotal support level at $166.35.
Today’s price forecast: Bearish