eBay’s stock price (EBAY) rose in the intraday levels, accompanied by a surge in trading volumes, amid the dominance of the main upward trend in the medium term, with positive pressure from trading above 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 and near resistance of $67.80. 

Trend forecast for today: Bullish 

Taiwan Semiconductor Manufacturing Company’s stock price (TSM) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock some positive momentum, amid the dominance of the main upward trend as it trades alongside the secondary short-term trend line, while the RSI reached oversold levels compared to the stock’s movements. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $212.60, provided the support of $187.66 holds on.

Trend forecast for today: Bullish 

Vertex Pharmaceuticals’ stock price (VRTX) inched higher in the intraday levels while trying to recoup some recent losses, as the stock is hurt by piercing the main upward trend line in the medium term, with negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect the stock to return lower, provided the current support of $391.25 was breached, thus targeting the pivotal support of $341.90.

Trend forecast for today: Likely Bearish 

The AUDCAD price returned to react to the negative factors represented by 0.9100 level forming major resistance in addition to the negative momentum coming by the major indicators, to notice forming many negative waves and settling near 0.8985.

We expect to resume the negative trades to attempt to press on the initial support at 0.8930, while breaking it will force the price to suffer additional losses that might extend towards 0.8870 followed by 61.8% Fibonacci correction level at 0.8810.

The expected trading range for today is between 0.8870 and 0.9030

Trend forecast: Bearish