Evening update for EURUSD -05-05-2025
The EURUSD declined on its last intraday trading, surrendering to the negative pressures after reaching the resistance of its EMA50, with the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought areas exaggeratedly compared to the price move, which indicates the beginning of forming negative divergence, the price is moving within a bearish correctional wave on the short-term basis
Therefore, our expectations suggest more of the downside moves in their upcoming intraday trading, if it settles below 1.1340, to target the support level at 1.1260.
The expected trading range for today is between 1.1260 support and 1.1380 resistance.
Today’s forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Dogecoin price receives some support - Forecast today - 05-05-2025
Dogecoin’s currency price edged higher in latest intraday trading after leaning on the support of the 50-day SMA, lending the price some positive momentum, amid the dominance of the upward correctional wave in the short term, while the Stochastic reached oversold levels compared to the price’s movements, bolstering gains.
Therefore we expect more losses for the price, targeting the resistance of $0.21, provided the support of $0.17 holds on.
Today’s price forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Nero price dominated by downward correctional wave - Forecast today - 05-05-2025
Neiro’s currency price (NEIROUSDT) fell in latest intraday trading, amid ongoing negative pressure due to trading below the 50-day SMA, and amid the dominance of the downward correctional trend in the short term, with the decline coming after the price managed to vent off oversold saturation in the Stochastic in previous trading.
Therefore we expect the price to decline and target the support of $0.00018564, provided the resistance of $0.00022780 holds on.
Today’s price forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Ulta Beauty price finishes negative harmonic pattern - Forecast today - 05-05-2025
Ulta Beauty’s stock price rose in latest intraday trading, boosted by trading above the 50-day SMA, amid the dominance of the upward correctional trend in the short term.
The stock managed to test the important resistance of $401.80, finishing a negative harmonic pattern there, the Gartley pattern, with the negative scenario bolstered by negative signals from the Stochastic after reaching overbought levels.
Therefore we expect the price to decline and target the support of $382.50, provided the resistance of $401.80 holds on.
Today’s price forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.