The EURUSD price reinforced its cautious gains in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, to reach exaggerated overbought levels compared to the price move, to suggest forming negative divergence, to retest the key resistance level at 1.1655, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of near-term full recovery.

Cardano (ADAUSD) price rose in its latest intraday trading after its current support level at $0.2370 held firm, giving the price some positive momentum through which it attempts to recover part of its previous losses, amid the dominance of a short-term corrective bearish trend while moving alongside a steep trend line supporting this path, with continued negative pressure from trading below its 50-day SMA, which increases the surrounding negative pressure on the price, especially with continued negative signals from the Stochastic indicators.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, especially if it breaks below the mentioned support level at $0.2370, targeting the key support level at $0.2275 afterward.

Today’s price forecast: Bearish

Illumina, Inc. (ILMN) stock price declined in its latest intraday trading, as the stock takes profits from its previous gains and attempts to gain positive momentum that could help it resume its gains in the near term. In addition, the stock is also trying to relieve part of its clear overbought condition on the Stochastic indicators, especially with the beginning of a negative crossover appearing on them, while continuing to trade above its 50-day SMA, which provides ongoing positive support and reinforces the stability and dominance of the main upward trend in the medium and short term.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $132.50 support level, targeting the key resistance level at $155.50.

Today’s price forecast: Bullish

Alibaba Group Holdings (BABA) stock price declined in its latest intraday trading amid continued negative signals from the Stochastic indicators after reaching deeply overbought levels, as the stock attempts to relieve this overbought condition and gain positive momentum that could help it recover and rise again, while finding support from its 50-day SMA, coinciding with a retest of a short-term bearish trend line that the stock had previously broken above.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $128.95 support level, targeting the $148.65 resistance level.

Today’s price forecast: Bullish