The EURUSD price settles with strong gains in its last intraday trading, preparing to attack the stubborn resistance at 1.1790, supported by its continued trading above EMA50, with the emergence of positive signals from relative strength indicators, amid the dominance of the main bullish trend on short-term basis after its managed to offload its overbought conditions.
Stellar (XLMUSD) price advanced in its latest intraday trading after the price managed to relieve its overbought condition on the Stochastic indicators, giving it greater ability to achieve further gains and target new resistance levels in the near term, supported by continued trading above its 50-day SMA, which strengthens the chances of further upside, especially amid the dominance of a short-term upward wave while moving alongside a trend line supporting this path.
Therefore we expect the digital currency price to rise in its upcoming intraday trading, as long as it remains above the $0.1600 support level, targeting the key resistance level at $0.1725 in preparation for attacking it.
Today’s price forecast: Bullish
Microsoft Corp. (MSFT) stock price declined in its latest intraday trading after the current resistance level at $423.70 held firm, as the stock attempts to gain positive momentum that could help it recover and break above this resistance, while previously benefiting from breaking above a short-term bearish trend line, alongside continued dynamic positive support from trading above its 50-day SMA, as we also notice the beginning of positive signals emerging from the Stochastic indicators after reaching deeply oversold levels.
Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the mentioned resistance at $423.70, targeting the next resistance level at $464.90.
Today’s price forecast: Bullish
Broadcom (AVGO) stock price rose in its latest intraday trading, confirming with this close its breakout above the key resistance level at $414.60, driven by its continued trading above its 50-day SMA, which reinforces the stability and dominance of the main upward trend in the medium and short term, while in the background we notice the Stochastic indicators stabilizing in deeply oversold areas in an exaggerated manner compared to the price movement.
Therefore we expect the stock price to rise in its upcoming trading, especially as long as it remains above the mentioned support level at $414.60, targeting the $490.00 resistance level.
Today’s price forecast: Bullish