(EURUSD) prices declined in their last trading on an intraday basis, due to the stability of the negative pressure due to its trading below EMA50, amid the dominance of the main bearish trend in the short-term, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.
Monero (XMRUSD) price continued to decline in its latest intraday trading, amid negative signals from the RSI, as the price attempts to find a higher low that could serve as a base to help it gain the positive momentum needed to regain its recovery. This comes while dynamic support remains intact as it continues trading above its 50-day SMA, which reinforces the strength and stability of the main short-term bullish trend, especially with price moving alongside a minor trendline supporting this path.
Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, provided that it remains stable above the support level at $357.50, targeting the resistance level at $375.30.
Today’s price forecast: Bullish
NVIDIA Corporation (NVDA) stock price declined in its latest intraday trading, after encountering resistance at its 50-day SMA, which forced the price to pull back amid the dominance of a sideways trend controlling the stock’s movement in the short term. This weak performance came after the stock managed to unwind its oversold conditions on the RSI, which may increase the surrounding negative pressure in the near term.
Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $187.65 remains intact, targeting the key support level at $170.30.
Today’s price forecast: Bearish
T-Mobile US (TMUS) stock price declined in its latest intraday trading, amid continued attempts by the stock to gain positive momentum that could help it recover and rise again, while a short-term corrective bullish wave remains dominant, supported by dynamic pressure from trading above its 50-day SMA. In addition, a positive divergence is beginning to form on the RSI after reaching extremely oversold levels compared to the price movement, with early positive signals starting to emerge.
Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above the support level at $209.40, targeting the key resistance level at $224.75 in preparation for a potential test.
Today’s price forecast: Bullish