EURUSD price slipped lower in its last intraday trading, amid the dominance of the main bearish trend on the short-term, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the pair, with the emergence of negative signals from the relative strength indicators, after forming negative divergence that increases the likelihoods of deepening the losses in the near upcoming period.
XRP (XRPUSD) moved lower in recent intraday trading after encountering resistance at its 50-period Simple Moving Average (SMA), which has reinforced the prevailing downside pressure. This negative bias has been further strengthened by fresh bearish signals from momentum indicators after they reached overbought territory. The cryptocurrency has also come under pressure following its breakout below a short-term ascending price channel that had previously contained its upward movement, increasing the likelihood of further losses in the near term.
Therefore, our outlook remains bearish for the cryptocurrency's upcoming trading sessions, as long as resistance at $1.1135 remains intact. Under this scenario, the price is expected to target the key support level at $1.0800.
Today's price forecast: Bearish.
Affirm Holdings (AFRM) continued to decline in recent intraday trading after falling below its 50-day Simple Moving Average (SMA), losing a key support level that has intensified the negative pressure surrounding the stock. The stock remains under the control of a steep short-term bearish trend, while momentum indicators continue to generate bearish signals despite remaining in extremely oversold territory, suggesting that downside momentum remains firmly intact.
Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as it remains below resistance at $74.90. Under this scenario, the stock is expected to target its next support level at $64.90.
Today's price forecast: Bearish.
Agilent Technologies, Inc. (A) moved lower in recent intraday trading after once again holding below the key resistance level at $141.00, as the stock underwent a bout of profit-taking following its recent gains while attempting to rebuild positive momentum for another breakout attempt. Despite the pullback, the stock remains within a short-term bullish corrective trend, with price action continuing to move alongside an ascending trendline that reinforces the prevailing positive bias. In addition, the stock continues to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support, while momentum indicators continue to generate fresh bullish signals.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly if it breaks above the key resistance level at $141.00. Under this scenario, the stock is expected to target the next resistance level at $150.00.
Today's price forecast: Bullish.