Ford Motor Company (F) stock declined in its latest intraday trading, taking profits from its previous gains while attempting to gain positive momentum that could help it recover and rise again. The main short-term bullish trend remains dominant, with trading along an ascending line that supports this direction. In addition, positive signals continue to appear from the relative strength indicators despite reaching overbought areas, reflecting the strength and intensity of the positive momentum surrounding the stock.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above $12.80, targeting the resistance level of $15.15.
Today’s stock forecast: Bullish.
The price of (ETHUSD) rose slightly in its last intraday trading, due to the stability of the support level at $4,075, gaining bullish momentum with the beginning of forming bullish divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic support that comes from its trading above EMA50, to reinforce the chances of the price recovery on the near-term basis.
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Bitcoin (BTCUSD) prices rose during their last intraday trading, with the emergence of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of the positive signals from them, reinforcing the bullish momentum amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline that supports this track.
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Brent crude oil prices declined sharply in their last intraday trading, after the stability of the key resistance at $66.00, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to breach this resistance, amid the dominance of steep bullish corrective wave, indicating the strength of this track.
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