Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Chevron price bolsters gains - Forecast today - 01-08-2024

Economies.com
2024-08-01 11:43AM UTC

Chevron Corporation’s stock price (CVX) rose in the intraday levels, amid the dominance of the upward short-term trend, while trading alongside the trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $167.00, provided it settles above $157.63. 

 

Trend forecast: Bullish 

 

ETSY price attacks current resistance - Forecast today - 01-08-2024

Economies.com
2024-08-01 11:42AM UTC

ETSY’s stock price rose in the intraday levels, and tackled the important resistance of $65.88, with support from the 50-day SMA, and positive signals from the RSI, after managing to vent off overbought saturation in the RSI, while buoyed by piercing the downward short-term trend line. 

 

Therefore we expect more gains for the stock, targeting the resistance of $73.50, provided the initial resistance of $65.88 was reliably pierced. 

 

Trend forecast: Bullish 

Ethereum price (ETHUSD) forecast update - 01-08-2024

Economies.com
2024-08-01 09:48AM UTC

Ethereum price (ETHUSD) tested 3132.80$ level and finds solid support there, waiting to get negative motive that assist to push the price to break this level and confirm opening the way to head towards 2905.30$ level as a next correctional station, reminding you that the continuation of the bearish wave depends on the price stability below 3360.31$.

 

The expected trading range for today is between 3020.00$ support and 3300.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) forecast update - 01-08-2024

Economies.com
2024-08-01 09:47AM UTC

Bitcoin price (BTCUSD) finds solid support at 63657.20$ to show some bullish bias, affected by stochastic positivity, and as long as the price is below 66100.00$, the correctional bearish trend scenario will remain valid for today, waiting to break the mentioned support to open the way to head towards 61684.05$ as a next negative station.

 

The expected trading range for today is between 61400.00$ support and 65500.00$ resistance.

 

Trend forecast: Bearish