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Ford strives to shake off negative pressure - Analysis - 10-06-2019

Economies.com
2019-06-10 09:59AM UTC

Ford Motor Company's stock rose mildly while trying to settle above the 9.77 resistance, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term, while shaking off pressure from the 50-day SMA, as the stock traded alongside the upward short-term trend line. 

 

Therefore we expect the stock to rise, provided it settles above 9.77, targeting the next resistance at 10.33, which represents the ratio 61.8%. 

 

Expected trend for today: Bullish 

Midday update for DashCoin 10-06-2019

Economies.com
2019-06-10 09:19AM UTC

DashCoin price tests the correctional bearish channel’s resistance, noticing that stochastic begins to lose the positive momentum gradually, waiting to motivate the price to resume the expected bearish wave for today, which its next main target located at 136.73, while its continuation conditions holding below 151.90.

 

The expected trading range for today is between 136.73 support and 151.90 resistance

The expected trend for today: Bearish

Midday update for Litecoin 10-06-2019

Economies.com
2019-06-10 09:19AM UTC

Litecoin price continues to provide positive trading to move away from the EMA50, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which targets 127.40 level as a next main station, reminding you that it is important to hold above 111.80 to continue the suggested rise.

 

The expected trading range for today is between 111.80 support and 125.00 resistance

The expected trend for today: Bullish

Midday update for Ethereum 10-06-2019

Economies.com
2019-06-10 09:19AM UTC

Ethereum price shows some bullish bias on its way to test the key resistance 240.47, which represents the first protection factor to the continuation of the negative scenario suggested for today, waiting to rebound bearishly to target 210.60 as a next main station.

 

On the other hand, we should note that breaching 240.47 followed by 247.70 levels will stop the expected decline and push the price to regain the main bullish trend again.

 

The expected trading range for today is between 210.00 support and 240.00 resistance

The expected trend for today: Bearish