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The GBPUSD price hits the negative targets - Forecast today - 09-01-2025
The GBPUSD price traded with strong negativity to surpass our waited target at 1.2320$ and head towards achieving more expected decline on the intraday and short-term basis, as it broke the previously recorded low at 1.2300$ to open the way to visit 1.2115$ areas that represents the bearish channel’s support line that organizes the current bearish wave.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.2300$ followed by 1.2320$ levels might push the price to start recovery attempts and achieve some intraday gains before turning back to decline again.
The expected trading range for today is between 1.2200$ support and 1.2340$ resistance
Trend forecast: Bearish
The EURUSD price loses momentum – Forecast today - 09-01-2025
The EURUSD price settles around 1.0300$ level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for today, which targets 1.0275$ followed by 1.0220$ levels mainly.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.0425$ and 1.0455$ levels.
The expected trading range for today is between 1.0225$ support and 1.0370$ resistance
Trend forecast: Bearish
IOTA price suffers from negative pressures - Forecast today - 09-01-2025
IOTA’s currency price (IOTAUSDT) fell in the intraday levels, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the price, targeting the support of $0.2528, provided the resistance of $0.3998 holds on.
Trend forecast for today: Bearish
Polygon price readies to pierce current support - Forecast today - 09-01-2025
Polygon’s currency price (MATICUSDT) edged lower in the intraday levels, readying to breach the current support of $0.4400, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA, while a negative divergence forms in the RSI after reaching overbought levels compared to the price’s movements, sending out negative signals.
Therefore we expect more losses for the price, provided the aforementioned support of $0.4400 was breached, thus targeting the next one at $0.2870.
Trend forecast for today: Bearish