The (NZDUSD) pair’s price rose in its recent intraday trading after it breached the key resistance level at 0.5650. This confirmed the validity of a short-term double bottom pattern and allowed the pair to get rod of the negative pressure of the EMA50, opening the way for further upside movement.
UnitedHealth Group’s stock price rallied in latest intraday trading, accompanied by a clear surge in trading volumes, while trading alongside the upward short-term trend line, as the price trades above the 50-day SMA, giving additional support to the upward trend, especially after the price managed to vent off overbought saturation in the Stochastic.
Therefore we expect more gains for the price, as long as it settles firmly above the support of $550.00, targeting the pivotal resistance of $625.00.
Today’s price forecast: Bullish
Mastercard’s stock price (MA) rallied in latest intraday trading as a positive divergence started to form in the Stochastic, sending out positive signals, and accompanied by a surge in trading volumes.
It comes amid the dominance of the downward correctional trend as the price was previously hurt by exiting an ascending price channel that guided recent short-term trading, with negative pressure due to trading below the 50-day SMA, containing upcoming gains.
Therefore we expect the price to rise in upcoming trading, provided the support of $470.00 holds on, targeting the important resistance of $536.30.
Today’s price forecast: Bullish
ExxonMobil Corporation’s stock price (XOM) rallied in latest intraday trading and settled back above the pivotal support of $104.85, while a positive divergence forms in the Stochastic after reaching oversold levels, but it’s not enough compared to the price’s actual movements, with positive signals streaming out o it.
It comes amid the dominance of the downward short-term trend, with negative pressure from trading below the 50-day SMA, representing a hurdle against the price.
Therefore we expect the price to tilt higher and target the next resistance at $112.25, as long as it settles firmly above $104.85.
Today’s price forecast: Neutral