Altaba's stock rose in the intraday levels, touching the resistance of the downward price channel's ceiling, which limited recent short-term trading, while still scoring a fresh profit of 0.40% in the last session, or 0.27 points, with negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, as long as the resistance of 69.36 holds on, targeting the support of 62.88.
Expected trend for today: Likely Bearish
Chinese Alibaba's stock rose alongside the downward short-term trend line as shown in the attached chart, scoring a profit of 0.70% in the last session, or 1.15 points, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the important support of 152.85, as long as the resistance of 168.00 holds on.
Expected trend for today: Likely Bearish
Bitcoin price keeps its stability below 6500.00 level, as the EMA50 meets this resistance to add more strength to it, besides that stochastic shows clear overbought signals.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 6500.00, noting that our main targets begin at 6040.00 and extend to 5880.00.
Expected trading range for today is between 5880.00 support and 6700.00 resistance
Expected trend for today: Bearish
The NZDUSD pair tests the key support 0.6630 now, and as we mentioned this morning, breaking this level will reinforce the expectations of continuing the bearish trend in the upcoming period, which its next target located at 0.6500, to continue suggesting the bearish trend for today unless breaching 0.6700 level and holding above it.
Expected trading range for today is betwenen 0.6580 support and 0.6710
Expected trend for today: Bearish