The (EURUSD) price declined during its latest intraday trading, reaching 1.1590 support, preparing to break it, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.
Ethereum Classic (ETCUSD) price declined in its latest intraday trading after colliding with the resistance of its 50-day SMA, which coincided with a test of the upper boundary of a short-term corrective bearish price channel that has constrained its previous trading, forcing the price to retreat, especially with continued negative signals from the Stochastic indicators after previously reaching overbought levels.
Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $9.00 resistance level, targeting the important support level at $8.50.
Today’s price forecast: Bearish
Palo Alto Networks (PANW) stock price rose in its latest intraday trading, recovering all the losses recorded in the previous session, which had come as part of profit-taking and an attempt to relieve part of its overbought condition, before positive momentum returned and pushed the stock toward a rapid recovery, allowing it to attack the current resistance level at $250.00. This comes amid complete dominance of the main upward trend in the short term, while moving alongside major and minor trend lines supporting this path, which strengthens the chances of extending its gains in the near term and targeting new resistance levels.
Therefore we expect the stock price to rise in its upcoming trading, especially if it succeeds in breaking above the mentioned resistance at $250.00, targeting the next resistance level at $275.00 afterward.
Today’s price forecast: Bullish
Palantir Technologies Inc. (PLTR) stock price edged slightly higher in its latest intraday trading, driven by continued positive signals from the Stochastic indicators after reaching deeply oversold levels, as the stock attempts through this rise to recover part of its previous losses, amid the dominance of a short-term corrective bearish trend while moving alongside a trend line supporting this path, in addition to continued negative pressure from trading below its 50-day SMA, which reduces the chances of a near-term recovery.
Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $150.00 resistance level, targeting the key support level at $127.00.
Today’s price forecast: Bearish