EOS/USD currency price inched lower in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the price, provided it settles firmly below $0.8903, thus targeting the support of $0.7030.
Trend forecast for today: Bearish
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Binance Coin’s currency price (BNBUSD) rose in the intraday levels after leaning on the main upward trend line in the short term, lending the price some positive momentum, with positive signals from the RSI after reaching oversold levels, as the price tries to shake off negative pressure in the 50-day SMA.
Therefore we expect more gains for the price, targeting the pivotal resistance of $794.3, provided the support of $649.90 holds on.
Trend forecast for today: Bullish
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Intel Corporation’s stock (INTC) extended its gains in the intraday levels, buoyed by positive signals from the RSI, while gathering momentum after the pivotal support of $18.73 held its ground, with the stock thus testing the main downward trend line in the medium term, coinciding with a bump into the resistance of the 50-day SMA, exposing the stock to even more pressure.
Therefore we expect the stock to return lower and target the pivotal support of $18.73 anew, provided the resistance of $24.66 holds on.
Trend forecast for today: Likely Bearish
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Harley-Davidson’s stock price (HOG) fell in the intraday levels, amid the dominance of the downward correctional trend in the medium term, while trading alongside the downward secondary trend line in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative divergence in the RSI after reaching overbought levels compared to the stock’s movements.
Therefore we expect more losses for the stock, targeting the pivotal support of $25.45, provided the resistance of $31.32 holds on.
Trend forecast for today: Bearish
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