The (EURUSD) deepened its losses in its last intraday trading, reaching our morning expected target at 1.1730, by negative pressure due to its trading below EMA50, affected by breaking minor bullish trend line on a short-term basis, besides the price last decline after offloading its clear oversold levels on the relative strength indicators, increasing the negative pressure that comes from its upcoming trading.
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Avalanche (AVAXUSD) rose slightly in its latest intraday trading, after successfully booking profits and easing its clear overbought conditions on the RSI. The token is now regaining recovery momentum, supported by continued trading above the 50-day SMA and under the dominance of the short-term bullish trend, moving along a supportive minor upward line.
Therefore, we expect the token to rise in the upcoming sessions, as long as it holds above 31.30, targeting the resistance level of 36.20.
Today’s price forecast: Bullish.
Algorand (ALGOUSD) declined in its latest intraday trading, pressured by negative signals on the RSI after reaching strongly overbought levels. The price remains under the control of the short-term bearish trend and its descending line, with the latest drop pushing it below the 50-day SMA, which has intensified the negative pressure.
Therefore, we expect the token to fall in the upcoming sessions, as long as it remains below 0.2434, targeting the first support level at 0.2344.
Today’s price forecast: Bearish.
Lululemon Athletica Inc. (LULU) rose slightly in its latest intraday trading, attempting to recover part of its earlier losses while also easing some of its oversold conditions on the RSI, with positive signals starting to appear. However, the stock remains pressured by trading below its 50-day SMA and is still dominated by a short-term descending trend line, reflecting the broader bearish control.
Therefore, we expect the stock to decline in the upcoming sessions, especially if it breaks below the current support at 159.75, targeting the next support level at 130.00.
Today’s price forecast: Bearish.