(EURUSD) prices settle with strong and sudden gains in their last intraday levels, after reaching EMA50, which reduced its last gains and forced it to rebound, in attempt to gain bullish momentum that might help it to surpass the negative pressure, taking advantage of the positive signals from the relative strength indicators, after reaching oversold levels.
Dash (DASHUSD) surged in its recent intraday trading, with the price once again testing the resistance of its 50-period simple moving average, while the main downward trend continues to dominate in the short term, with price moving along a minor trend line supporting this path. In addition, negative signals are appearing on the Relative Strength Index after previously reaching heavily overbought levels, increasing downside pressure on upcoming price movements.
Therefore, as long as the cryptocurrency remains below the $33.00 resistance level, our expectations lean toward a decline in upcoming intraday trading, targeting the key support level at $31.00.
Today’s price forecast: Neutral
Qualcomm Incorporated (QCOM) stock declined during its recent intraday trading, amid continued negative pressure as it trades below its 50-day simple moving average, and under the dominance of a short-term corrective downward trend. In addition, negative signals are beginning to appear on the Relative Strength Index after reaching overbought levels relative to price action, adding further downside pressure to the stock’s upcoming movement.
Therefore, our expectations point to a decline in the stock price in upcoming trading, as long as resistance at $139.30 holds, targeting the support level at $120.80.
Today’s price forecast: Bearish
Amgen (AMGN) stock declined during its recent intraday trading, amid continued negative pressure as it trades below its 50-day simple moving average. This has led the stock to break a short-term ascending trend line, increasing the likelihood of a continued corrective downward move in the near term, especially with the reappearance of negative signals on the Relative Strength Index after the stock managed to unwind its oversold conditions, opening the door for further losses.
Therefore, our expectations point to a decline in the stock price in upcoming trading, particularly if it breaks the current support at $346.35, targeting the next support level at $329.35.
Today’s price forecast: Bearish