(EURUSD) declined in its last trading on the intraday basis, with the emergence of negative signals from relative strength indicators. The price remains leaning on EMA50’s support, accompanied by its leaning on a main bullish trend line on short-term basis, in attempt to gain bullish momentum that might help it to recover and rise again.
Zcash (ZECUSD) price recorded gains in its latest intraday trading, as a short-term corrective upward wave remains in control, with price action moving along a supporting trend line. The move is supported by continued trading above the 50-day SMA, which provides dynamic support and strengthens the chances of extending gains in the near term. RSI is also showing a developing positive divergence after reaching deeply oversold levels relative to price action, with early positive signals starting to appear.
Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as it holds above the $281.65 support level, targeting the first key resistance at $342.25.
Today’s price forecast: Bullish
Victorias Secret & Co (VSCO) stock price recorded gains in its latest intraday trading after rebounding from support at the 50-day SMA, which provided positive momentum and helped drive those gains. The stock remains under control of the main short-term upward trend, trading along major and minor supporting trend lines, although RSI is starting to show negative signals that may limit further upside.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $53.25 support level, targeting the key resistance at $66.90.
Today’s price forecast: Bullish
Zoom Video Communications (ZM) stock price recorded choppy, range-bound moves in its latest intraday trading, as it attempts to build positive momentum to help maintain the main upward trend in the short term. Price is moving along a supporting trend line and continues to benefit from dynamic support by trading above the 50-day SMA. In the background, RSI has reached heavily oversold levels relative to price action, signaling the start of renewed positive momentum.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $88.90 support level, targeting the key psychological resistance at $100.00.
Today’s price forecast: Bullish