The EURUSD achieves the first target – Analysis - 02-08-2022
The EURUSD pair touched our first target at 1.0278 and attempts to breach it, reminding you that breaching this level will complete forming the double bottom pattern that supports our expectations to achieve additional gains that start at 1.0355 and extend to 1.0450.
Therefore, our bullish overview will remain valid and active supported by the EMA50, noting that holding above 1.0200 represents the first condition to continue the suggested bullish wave.
The expected trading range for today is between 1.0200 support and 1.0360 resistance.
The expected trend for today: Bullish
ِApple surges - Analysis - 01-08-2022
Apple's stock (AAPL) surged after the tech giant reported quarterly profits, while expecting accelerating earnings in the September quarter despite supply challenges, with the stock rallying 3.28%, or 5.16 points, settling at 162.51, with trading volumes surpassing 101.7 million shares, above 10-day averages of 73 million shares.
The stock pierced the current resistance of 157.25, while buoyed by a positive pattern that formed recently, the Falling Wedge pattern, while also trading above the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the first resistance of at 168.90, provided it holds above 157.25.
Expected trend for today: Bullish
Amazon pierces positive pattern's ceiling - Analysis - 01-08-2022
Amazon's stock (AMZN) surged in the intraday levels after reporting sales forecasts for the third quarter, matching market expectations, with growth in cloud services boosting overall outcome, with the stock surging 10.36%, or 12.67 points, settling at 134.95, with trading volumes surpassing 148.8 million shares, above 10-day averages of 71.3 million shares.
The stock pierced the pivotal resistance of 129.00, representing the ceiling of a positive pattern that formed in the short term, the Double Top bottom, while trading above the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 170.80, provided it holds above 129.00.
Expected trend for today: Bullish
Intel readies to pierce pivotal support - Analysis - 01-08-2022
Intel's stock skidded in the intraday levels after the chipmaker reported profits less than expected, while forecasting grim results for the current quarter, blaming the overall economic downturn, with the stock slumping 8.56%, or 3.40 points, and settling 36.31, with trading volumes surpassing 125.2 million shares, above 10-day averages of 48.4 million shares.
The main downward trend dominates in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, reaching the pivotal support of 35.54.
Therefore we expect more losses for the stock, targeting the support of 32.30, provided the support of 35.54 was breached.
Expected trend for today: Bearish