Abbott Laboratories price tries to shake off negative pressure - Forecast today - 01-05-2025
Abbott Laboratories' stock price (ABT) edged higher in latest intraday trading, amid the dominance of the main upward trend in the medium term, with positive signals from the Stochastic as the price managed to vent off overbought saturation there, as the price also tried to shake off negative pressure from the 50-day SMA and achieve true recovery.
Therefore we expect the price to rise and target the pivotal resistance of $141.75, provided it settles firmly above $128.25.
Today’s price forecast: Bullish
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Forecast update for EURJPY-30-04-2025
The EURJPY continued the rise on its last intraday level, surpassing our morning target at 144.00 resistance, affected by breaching a minor bearish bias on the short-term basis, taking advantage of its moves alongside a correctional trend line.
Therefore, our expectations suggest the continuation of the price rise, especially if it settles above 144.00, to target the initial resistance level at 145.30.
The expected trading range for today is between 143.55 support and 145.30 resistance.
Today’s forecast: Bullish
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Forecast update for Ethereum-01-05-2025
Ethereum price (ETHUSD) rose in its last intraday trading, settled above the resistance at $1.800, to move in its way to confirm breaching this stubborn resistance, and we are still waiting for a good close above it, while the continuation of the positive support due to its trading above EMA50, with the emergence of the positive signals on the (RSI).
Therefore, our expectations suggest (ETHUSD) price rise in their upcoming trading on the intraday levels, conditioned by its stability above $1,800, to target the next main resistance at $1,900.
The expected trading range for today is between $1,750 support and $1,865 resistance.
Today’s forecast: Bullish
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Forecast update for Bitcoin -01-05-2025
Crude oil declined in its last intraday trading, reaching our target at 56.70, amid the dominance of the bearish trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
Therefore, our expectations suggest the continuation of bitcoin price rise in its upcoming intraday trading, to target the resistance at $97,400, if the support settles at $93,000.
The expected trading range for today is between $94,000 support and $97,400 resistance.
Today’s forecast: Bullish
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