|
The EURUSD approaches the negative target - 02-05-2023
The EURUSD pair bounced downwards strongly after retesting the broken support of the bullish channel that appears on the chart, to approach the waited negative target at 1.0945, showing some bullish bias by today’s open, affected by stochastic positivity, while the EMA50 forms good intraday resistance now, to keep the chances valid to continue the bearish bias and head to test the mentioned level.
Therefore, we will continue to suggest the bearish trend on the intraday basis, and we need to monitor the price behavior at the targeted level, as breaking it will open the way to extend the correctional bearish wave to reach 1.0860 areas as a next negative station, while the expected decline will remain valid unless the price rallied to breach 1.1040 level and hold above it.
The expected trading range for today is between 1.0900 support and 1.1040 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Schlumberger tries to vent off oversold saturation - Analysis - 01-04-2023
Schlumberger's stock (SLB) rose in the intraday levels while venting off oversold saturation in the RSI with positive signals out of them, marking a profit of 2.90% in the last session, or 1.39 points, and settling at 49.35, with trading volumes surpassing 8.6 million shares, below 10-day averages of 9 million shares, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
MoreAmazon declines alongside the upward correctional trend line - Analysis - 01-05-2023
Amazon's stock (AMZN) fell in the intraday levels despite strong quarterly results, however the company expects a slowdown in growth of the cloud computing services, with the stock spiking 3.98% in the last session, or 4.37 points, the worst one-day loss since early February, and settling at 105.45, with trading volumes surpassing 130.7 million shares, above 10-day averages of 77 million shares.
MoreExxonMobil emits more positive signals - Analysis - 01-05-2023
ExxonMobil Corporation's stock (XOM) rose in the intraday levels after marking a record , as the company reported record profits in the first quarter, sending the stock 1.29% higher in the last session, or 1.51 points, and settling at 118.34, with trading volumes surpassing 24 million shares, above 10-day averages of 15.6 million shares.
More