The EURUSD price settles with consecutive series of losses in its last intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the positive signals of the relative strength indicators, after reaching oversold levels, which reduced the last losses, due to its neediness to offload some of the oversold conditions.
Litecoin (LTCUSD) price declined in its latest intraday trading amid continued negative signals from the Stochastic indicators after previously reaching deeply overbought levels, as the price attempts to gain positive momentum that could help it overcome the negative pressure from its 50-day SMA and then fully recover in the coming period, especially with the dominance of the main upward trend in the short term while moving alongside a trend line supporting this path and strengthening the chances of further upside.
Therefore we expect the digital currency price to rise in its upcoming intraday trading, as long as it holds above the $56.20 support level, targeting the key resistance level at $59.60.
Today’s price forecast: Bullish
Airbnb (ABNB) stock price recorded cautious gains in its latest intraday trading, as the stock attempts through this rise to recover part of its previous losses, while also trying to relieve part of its clear oversold condition on the Stochastic indicators, especially with the beginning of a positive crossover appearing on them, amid continued negative pressure from trading below its 50-day SMA, which the stock had broken below after a series of consecutive losses, keeping the negative outlook intact in the near term.
Therefore we expect the stock price to decline in its upcoming trading, especially as long as it remains below the $136.00 resistance level, targeting the $127.00 support level.
Today’s price forecast: Bearish
Shopify (SHOP) stock price edged slightly higher in its latest intraday trading, amid continued negative pressure from trading below its 50-day SMA, which reinforces the stability and dominance of the short-term corrective bearish trend, while moving alongside a trend line supporting this path, as the stock attempts through this rise to recover part of its previous losses, while also trying to relieve part of its clear oversold condition on the Stochastic indicators, especially with the beginning of a positive crossover appearing on them.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $105.00 resistance level, targeting the first support level at $88.00.
Today’s price forecast: Bearish