Starbucks Corporation’s stock price (SBUX) fell in the intraday levels, on profit-taking, while gathering momentum to recover anew. It’s also buoyed by piercing the main downward trend line in the short term, while boosted by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought areas.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $107.66, provided it settles above $89.30 firmly.
Trend forecast: Likely Bullish
Crude oil price managed to touch our first waited target at 78.35$ and attempts to breach it, to support the chances of continuing the expected bullish trend domination on the intraday and short-term basis, reminding you that the next target reaches 79.84$, while the expected rise will remain valid unless breaking 76.86$ and holding below it.
The EURUSD price trades with clear negativity to break 1.0990$ level and settles below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 1.0820$ as a next main target, reminding you that it is important to hold below 1.1035$ to continue the expected decline.
First Digital USD’s price (FDUSDUSD) stabilized in recent trading in the intraday levels, after managing to pierce the downward short-term trend line, buoyed by trading above the 50-day SMA, and coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect the price to rise, especially if the resistance of $1.0008618 was breached, thus targeting the next resistance at $1.00370077.
Trend forecast: Bullish