The (EURUSD) rose in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, opening the way for achieving more gains on the near-term basis, preparing to attack 1.1695 resistance, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis.

Cardano (ADAUSD) declined in its latest intraday trading, as the price attempts to gain positive momentum that may help it recover and rise again. At the same time, it is trying to relieve part of its overbought saturation on the RSI indicators, especially with the beginning of negative signal inflows. This comes under the dominance of a short-term corrective upward wave with the price moving along a trendline, supported by dynamic backing from trading above its 50-day SMA, which strengthens the likelihood of a near-term recovery.

Therefore we expect the cryptocurrency to rise in its upcoming intraday trading, especially as long as it remains stable above 0.4080, targeting the first resistance level at 0.4460.

Today’s price forecast: Bullish

Dash (DASHUSD) declined in its latest intraday trading, under the dominance of the main short-term descending trend, with the price moving alongside a secondary trendline supporting this bearish structure. Negative signals continue to appear on the RSI indicators after they reached extremely overbought levels, and in its recent movement the price broke below its 50-day SMA, which further intensifies the surrounding negative pressure.

Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level of $71.65, targeting the pivotal support level of $54.30.

Today’s price forecast: Bearish

Alibaba Group Holdings (BABA) saw choppy movement in its latest session, posting slight gains influenced by positive signals from the RSI indicators. However, we note that these indicators have reached excessively overbought levels compared to the price rhythm, signaling a rapid weakening of this temporary positive momentum. This comes especially under the dominance of a short-term corrective downward wave with the price moving along a trendline, alongside continued negative pressure from trading below its 50-day SMA, which further intensifies the surrounding bearish forces.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $170.55, targeting the pivotal support level of $148.43 with strong chances of breaking it.

Today’s price forecast: Bearish