Evening update for EURUSD -01-05-2025
The EURUSD declined in its last intraday trading, after it succeeded in offloading some of the clear oversold conditions, which helped it to record more of the downside moves, affected by the negative head and shoulders pattern, to extend the bearish correctional trend on the short- term basis.
Therefore, we still expect the price to decline in its upcoming intraday trading, if the price settles below 1.1340, and there are chances of breaking it.
The expected trading range for today is between 1.1260 support and 1.1340 resistance.
Today’s forecast: Bearish
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Shiba Inu price receives some support - Forecast today - 01-05-2025
Shiba Inu’s currency price rose in latest intraday trading after leaning on the support of the 50-day SMA, amid the dominance of the upward correctional wave in the short term, while managing to vent off overbought saturation in the Stochastic.
Therefore we expect the price to rise and target the resistance of $0.00001524, provided the support of $0.00001256 holds on.
Today’s price forecast: Bullish
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Pepe price rises cautiously - Forecast today - 01-05-2025
Pepe’s currency price rose mildly in latest intraday trading, amid the dominance of the upward correctional trend in the short term, with positive signals from the Stochastic after managing to vent off overbought saturation there, and with positive pressure due to trading above the 50-day SMA.
Therefore we expect the price to rise and target the resistance of $0.00001132, provided it settles firmly above $0.00000852.
Today’s price forecast: Bullish
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Alphabet price suffers from negative pressures - Forecast today - 01-05-2025
Alphabet’s stock price (GOOG) fell in latest intraday trading, hurt by bumping previously into the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term, with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect more losses for the stock, provided it settles firmly below $164.50, targeting the pivotal support of $148.20.
Today’s price forecast: Bearish
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