Nike’s stock price (NKE) rose in the intraday levels while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI with positive signals coming out of it, amid the dominance of the main upward trend in the medium term, with negative pressure due to trading below the 50-day SMA.

Therefore we expect the price to return lower, provided it settles below $74.50, targeting the pivotal support of $70.75.

Trend forecast for today: Bearish 

Baidu’s stock price (BIDU) gained ground in the intraday levels, amid the dominance of the upward correctional trend in the short term, while buoyed by trading above the 50-day SMA, coupled with positive signals from the RSI after venting off overbought saturation there.

Therefore we expect more gains for the stock, targeting the first resistance at $107.80, provided the support of $94.50 holds on.

Trend forecast for today: Bullish 

Monster Beverage Corporation’s stock price (MNST) extended its gains in the intraday levels, readying to tackle the important resistance of $56.70, amid the dominance of the very steep upward wave in the short term, with positive support due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, provided the aforementioned resistance of $56.70 was breached, thus targeting the next one at $59.40.

Trend forecast for today: Bullish 

The EUR/USD pair gained ground  in the intraday levels and tested the pivotal resistance of $1.0945, while buoyed by trading above the 50-candle SMA, and moving within a secondary ascending price channel in the short term. However, the RSI is showing signs of decline after reaching overbought levels.  

If the $1.0945 resistance held steady, the price will face transient pressure on upcoming movements, thus targeting the support of $1.0860. We therefore urge caution, especially as the pair has sent out multiple negative signals, but a breach of the resistance by closing a candle above it will then send the price towards the next resistance at $1.1030.