General Mills’ stock price (GIS) extended its losses in latest intraday trading, amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic, which return after the stock previously vented off some oversold saturation there. 

Therefore we expect the price to decline and target the support of $47.57, provided the resistance of $55.15 holds on.

Today’s price forecast: Bearish 

The price of (Gold) kept declining its last intraday trading, to break our morning target at the main support at $3,300, to settle below it until this moment as a signal for confirming breaking it technically, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside basis line, with the continuation of the emergence of the negative signals on the (RSI), despite reaching oversold levels, which might suggest decelerating the price decline temporarily.

The price of (EURUSD) rose in its recent intraday levels, preparing to attack the current resistance level at 1.1745, supported by its trading alongside a main bullish trend on the short-term basis, with the beginning of forming a positive divergence on the (RSI), after reaching exaggerated oversold levels compared by the price move, with the beginning of the positive signals from them, reinforcing the bullish track.

The CADGBP began forming bearish correctional trading after hitting the 0.8573 level, attempting to gather some gains and catch its breath until gathering the extra positive momentum again.

Noticing the price approach from the support base that is represented by 0.8490 level to form a strong barrier against the negative attempts, and stochastic reach to the oversold level confirm the beginning of surpassing the negative pressures, to provide new chance for activating the bullish track and targeting some positive stations near 0.8540 and 0.8575. 

The expected trading range for today is between 0.8500 and 0.8545

Trend forecast: Bullish