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EURUSD starts bullish correction – Analysis - 06-01-2017

Economies.com
2017-01-06 04:49AM UTC

The EURUSD pair breached 1.0519 level strongly yesterday and settled above it, which activates the bullish trend scenario on the intraday and short term basis, to start bullish correction for the decline measured from 1.1365 to 1.0339, noticing that the price surpasses 23.6% Fibonacci level to pave the way to target the next correctional level at 1.0731.

 

Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, noting that the expected rise will remain valid unless breaking 1.0581 followed by 1.0519 levels and holding below them.

 

Expected trading range for today is between 1.0500 support and 1.0730 resistance.

 

Expected trend for today: Bullish

Morgan Stanley attacks an important resistance - Analysis - 05-01-2017

Economies.com
2017-01-05 11:21AM UTC

Morgan Stanley's stock rose in the intraday levels, scoring a gain of 1.32% in the last session, or 0.57 points, while attacking the important resistance of 43.72, with the dominance of the main upward short-term trend, coupled with an influx of positive signals from relative power indicators, and ongoing positive pressure from the SMA for the last 50 days period.
 
Therefore we expect more gains to come for the stock, provided it pierces the resistance of 43.72, targeting thereafter the resistance of 47.00.

Hewlett-Packard tries to vent off the oversold saturation - Analysis - 05-01-2017

Economies.com
2017-01-05 11:20AM UTC

Hewlett-Packard's stock rose in the intraday levels, scoring a profit of 1.55% in the last session, or 0.23 points, while trying to recover some past losses, and also vent off that oversold saturation apparent in relative power indicators, as the stock is hurt by breaching the main upward trend line previously in the short term, with ongoing negative pressure from the SMA for the last 50 days period.
 
Therefore we expect the stock to return lower in the coming trading, specially if it settled back below 14.84, targeting thereafter the support of 13.89.

AT&T tries to gather positive momentum - Analysis - 05-01-2017

Economies.com
2017-01-05 11:20AM UTC

AT&T's stock fell in the intraday levels, registering a loss of 0.58% in the last session, or 0.25 points, as traders took profits of past short-term gains, while attempting to gather positive momentum to help it rise again, after relative power indicators reached extremely oversold levels compared to the stock's downward movement, with ongoing positive support from the SMA for the last 50 days period, coupled with the dominance of the upward short-term trend.
 
Therefore we expect the stock to return higher in the coming trading, as long as the support of 42.28 holds on, targeting the pivotal resistance of 43.48.

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1688 (2025-07-11 22:05PM UTC)