Gold price attempted to breach 1960.00 but it couldn’t manage to hold above it, to rebound bearishly and head towards potential test to the key support 1925.35, to keep the price stuck between these levels, waiting to breach one of them to detect the next destination clearly, which makes us stay neutral until now
The EURUSD pair bounced bearishly after approaching 1.0950 level, to keep the bearish trend scenario active for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to break 1.0850 to ease the mission of heading towards our next main target at 1.0775.
Ford Motor Company's stock (F) rose 0.60% in the last session, settling at 15.05, while trying to recoup some recent losses as it also vented off oversold saturation in the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 14.00, provided it settles below 15.45.
Expected trend for today: Bearish
General Motors' stock (GM) rallied 1.63% in the last session, settling at 39.35, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, with the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 35.45, provided it settles below 9.75.
Expected trend for today: Bearish