(EURUSD) prices rose in their last intraday trading, in attempt to recover some of its previous losses, attempting to offload its clear oversold levels on the relative strength indicators, especially with the emergence of positive signals from them, reaching EMA50’s resistance, stopping these intraday gains, amid the dominance of the main bearish trend on short-term basis.
Dogecoin (DOGEUSD) price extended its decline in its latest intraday trading, amid continued negative pressure as it trades below its 50-day SMA, reinforcing the stability and dominance of the primary bearish trend in the short term, with price moving alongside a trendline supporting this path. In the background, negative signals continue to emerge from the Stochastic indicator, despite reaching extremely oversold levels.
Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as it remains below the resistance level at $0.0915, targeting the key nearby support level at $0.0877, with strong potential for a further breakdown.
Today’s price forecast: Bearish
Pfizer Inc. (PFE) stock price extended its gains in its latest intraday trading, supported by a previous breakout above the key resistance level at $27.65. Positive dynamic support remains intact as the stock trades above its 50-day SMA, reinforcing the stability and dominance of the primary bullish trend in the medium term, especially with price moving alongside a supporting trendline. In addition, positive signals continue to emerge from the Stochastic indicator, despite reaching extremely overbought levels.
Accordingly, we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above $27.65, targeting the first resistance level at $29.00.
Today’s price forecast: Bullish
Caterpillar Inc. (CAT) stock price extended its gains in its latest intraday trading, as the stock successfully overcame the negative pressure from its 50-day SMA. This comes amid the dominance of a primary bullish trend on the medium term, with price moving alongside a minor short-term trendline supporting this path. In the background, positive signals are beginning to emerge from the Stochastic indicator after the stock managed to ease its overbought conditions, giving it more room to extend its gains in the near term.
Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $664.55 remains intact, targeting the key resistance level at $789.80.
Today’s price forecast: Bullish