(EURUSD) price is experiencing sever fluctuations on it last intraday levels, amid the emergence of negative signals from relative strength indicators, with the continuation of the positive pressure due to its trading above EMA50, affected by exiting bearish corrective channel’s range on a short-term basis, attempting to gain bullish momentum that might help it to recover and rise again.
Dogecoin (DOGEUSD) price recorded a decline in its latest intraday trading, amid the dominance of the main short-term downward trend, with price action moving along a supportive minor trend line for this move. The price remains under continued negative pressure from trading below its SMA50, as it prepares to break the key support level at $0.1200, especially with incoming negative signals from the RSI after it reached extremely overbought levels compared to price action, suggesting the beginning of a negative divergence that intensifies the surrounding bearish pressure.
Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, especially if it breaks below the $0.1200 support level, to target the next support at $0.1095.
Today’s price forecast: Bearish
Oracle Corporation (ORCL) stock price recorded a decline in its latest intraday trading, amid the dominance of a short-term corrective downward trend, with price action moving along a supportive trend line for this move. This comes alongside continued negative pressure from trading below its SMA50, which intensifies the surrounding bearish pressure on the stock, especially with incoming negative signals from the RSI after it previously reached extremely overbought levels.
Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the key support level at $179.55, to target the next support at $154.25.
Today’s price forecast: Bearish
Johnson & Johnson (JNJ) stock price recorded a slight pullback in its latest intraday trading, as the stock took profits from its previous gains while attempting to build positive momentum that could help it maintain the main short-term upward trend, especially with price action moving along a supportive trend line. At the same time, the stock is trying to unwind part of its clear overbought conditions on the RSI, particularly with the beginning of a negative crossover, despite continued dynamic support from trading above its SMA50.
Therefore we expect the stock price to rise in upcoming trading, as long as the $207.80 support level holds, to target the first resistance at $223.90.
Today’s price forecast: Bullish