The EURUSD pair declined in its latest intraday trading, to surpass EMA50’s support, putting it under negative pressure with the emergence of the negative signals from the relative strength indicators, after offloading its oversold levels, intensifying pressure in the upcoming near period, where bullish corrective trend remains dominant on the short-term basis, with the trading alongside supportive trend line for this path, keeping the chances of the recovery valid, conditioned by retesting the near resistance.
Solana (SOLUSD) advanced in recent intraday trading, supported by continued trading above its 50-period Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the cryptocurrency's positive technical outlook. Momentum indicators have also started generating fresh bullish signals after the price successfully worked off its overbought conditions, providing additional room for the current rally to extend. Meanwhile, the price is now testing the upper boundary of a short-term bearish corrective price channel that had previously contained its movement.
Therefore, our outlook remains bullish for the cryptocurrency's upcoming intraday trading sessions, particularly as long as support at $75.30 remains intact. Under this scenario, the price is expected to target the next resistance level at $79.15.
Today's price forecast: Bullish.
Ventas (VTR) continued to advance in recent intraday trading, supported by the firm control of the primary medium-term uptrend, with price action continuing to move alongside an ascending trendline that reinforces the prevailing bullish trend. The stock also remains above its 50-day Simple Moving Average (SMA), which continues to act as dynamic support and enhances the prospects for extending its gains. Meanwhile, momentum indicators have started generating fresh bullish signals after successfully easing their overbought conditions, giving the stock additional room to build on its recent advance.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $91.00 remains intact. Under this scenario, the stock is expected to target the key psychological resistance level at $100.00.
Today's price forecast: Bullish.
Alibaba Group Holding (BABA) moved lower in recent intraday trading after encountering resistance at its 50-day Simple Moving Average (SMA), which triggered renewed selling pressure and forced the stock lower. The primary short-term downtrend remains firmly in control, with price action continuing to follow a descending trendline that reinforces the prevailing bearish trend. In addition, momentum indicators are beginning to form a bearish divergence after reaching extremely overbought levels relative to the stock's price action, while fresh bearish signals are also starting to emerge.
Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $121.00 remains intact. Under this scenario, the stock is expected to target its first support level at $105.65.
Today's price forecast: Bearish.