The EURUSD pair continued its fluctuation in its latest intraday trading, amid its trading within bullish corrective channel’s range on the short-term basis, supported by its continued trading above EMA50, on the other hand, we notice the beginning of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which reduced the upside moves in the previous period.
Litecoin (LTCUSD) edged slightly lower in recent intraday trading as the cryptocurrency attempts to build fresh positive momentum that could support a recovery and help it overcome the negative pressure from its 50-period Simple Moving Average (SMA). Despite the modest pullback, a short-term bullish corrective trend remains in control, with price action continuing to move alongside an ascending trendline that supports the current advance. Momentum indicators are also generating positive signals, reinforcing the prospects for further gains in the near term.
Therefore, our outlook remains bullish for the cryptocurrency's upcoming intraday trading sessions, as long as the price holds above the $42.70 support level. Under this scenario, the next upside target is the key and stubborn resistance level at $45.40.
Today's price forecast: Bullish.
Microsoft Corporation (MSFT) moved lower in recent intraday trading after encountering resistance at its 50-day Simple Moving Average (SMA), which placed the stock under renewed selling pressure and forced it to reverse lower. The primary bearish trend remains firmly in control across both the medium and short term. Meanwhile, momentum indicators are generating bearish signals after reaching extremely overbought territory, further reinforcing the negative outlook.
Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $398.00 remains intact. Under this scenario, the stock is expected to target the $367.00 support level.
Today's price forecast: Bearish.
Broadcom Inc. (AVGO) edged slightly lower in recent intraday trading after testing resistance at its 50-day Simple Moving Average (SMA). The pullback reflects a period of profit-taking following the stock's recent gains, while it attempts to build fresh positive momentum that could help overcome this dynamic resistance. At the same time, the stock is working to ease some of its overbought conditions on momentum indicators, particularly as a bearish crossover has started to emerge.
Accordingly, our outlook remains tilted to the upside for the stock's upcoming trading sessions, provided support at $357.00 holds firm. Under this scenario, the stock is expected to target the $426.00 resistance level.
Today's price forecast: Neutral.