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End of day analysis for Gold 22-10-2018
Gold price presses negatively on the key support 1218.70 and still above it until now, accompanied by stochastic reach to the oversold areas, to support the chances of resuming the bullish bias in the upcoming sessions, waiting to breach 1230.50 to reinforce the expectations of targeting 1238.31 level initially, noting that breaking 1218.70 and holding below it will push the price to test 1208.40 level before any new attempt to rise.
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End of day analysis for EURUSD 22-10-2018
The EURUSD pair resumed its negative trades after the bullish bias that it witnessed this morning, to approach our first waited target at 1.1443, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its targets extend to reach 1.1300, while holding below 1.1525 represents key condition to achieve the suggested targets.
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Alphabet's stock rose 0.68% in the last session, or 8.49 points, after the important support of 1084.34 held its ground, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 894.79 to 1273.89), with negative pressure from the 50-day SMA.
MoreHewlett-Packard climbs in volatile session - Analysis - 22-10-2018
Hewlett-Packard's stock rose in the intraday levels, ending a session marked with volatility and scoring a profit of 0.29% in the last session, or 0.07 points, while venting off oversold saturation in the RSI, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently in the short term.
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