Evening update for Gold 15-03-2023
Gold price rallied to succeed achieving our waited target at 1928.60 and breaches it to confirm the continuation of the bullish trend domination in the upcoming sessions, paving the way to head towards 1960.00 as a next positive station, waiting for more rise on the intraday and short term basis, noting that holding above 1908.00 represents the first condition to continue the bullish trend.
Evening update analysis for the EURUSD 15-03-2023
The EURUSD pair continued to decline to touch the second waited target at 1.0515, and the way seems open to surpass this level and achieve more bearish bias that its next target reaches 1.0440, to keep the bearish trend expected in the upcoming sessions, taking into consideration that the consolidation of 1.0515 against the current negative pressure will stop the expected decline and lead the price to start recovery attempts on the intraday basis.
Boeing tries to shake off negative pressure - Analysis - 15-03-2023
Boeing Company's stock (BA) rose in the intraday levels, after announcing two deals with Saudi Arabia to manufacture 121 Boeing 787 air planes, powered by General Electiric GEnex engines, according to a White House press release, sending the stock up 1.92% in the last session, or 3.91 points, and settling at 207.28, with trading volumes surpassing 8.2 million shares, above 10-day averages of 6 million shares.
Technically, the stock is leaning on the upward correctional short-term trend line, while trying to shake off negative pressure from the 50-day SMA with positive signals from the RSI after venting off its overbought saturation.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 233.94, provided the support of 196.36 holds on.
Expected trend for today: Bullish
Pepsico returns lower - Analysis - 15-03-2023
Pepsico's stock (PEP) returned lower in the intraday levels after touching the resistance of the 50-day SMA, exposing it to negative pressure, amid the dominance of the downward correctional short-term trend, while the stock tried to vent off oversold saturation in the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 167.46, provided the resistance of 175.42 holds on.
Expected trend for today: Bearish