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The GBPUSD price within negative pattern - Forecast today - 15-01-2025
The GBPUSD price’s recent trades are confined within bearish pennant pattern that appears on the chart, thus, the price needs to break 1.2150$ to get negative motive that push the price to resume the main bearish trend, as we are waiting to target 1.2045$ as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2300$ and hold above it.
The expected trading range for today is between 1.2120$ support and 1.2270$ resistance
Trend forecast: Bearish
The EURUSD price attempts to recover – Forecast today - 15-01-2025
The EURUSD price provided additional positive trades yesterday to test the EMA50, noticing that stochastic continues to lose the positive momentum, which supports the chances of bouncing bearishly to resume the main bearish trend, waiting to break 1.0220$ level to confirm rallying towards 1.0100$ as a next main target.
Holding below 1.0325$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve more gains that reach 1.0455$ as a next positive station.
The expected trading range for today is between 1.0210$ support and 1.0360$ resistance
Trend forecast: Bearish
Litecoin price suffers from negative pressures - Forecast today - 14-01-2025
Litexcoin’s currency price (LTCUSD) edged lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect the price to decline and target the important support at $86.70, provided the resistance of $117.43 holds on.
Trend forecast for today: Bearish
Stellar price tries to shake off negative pressure - Forecast today - 14-01-2025
Stellar’s currency price (XLMUSD) inched lower in the intraday levels, amid negative signals from the RSI after reaching overbought levels, while gathering positive momentum to shake off the negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the short term.
Therefore we expect the price to rise and target the first resistance at $0.485725, provided the support of $0.311903 holds on.
Trend forecast for today: Bullish