The EURUSD attacks the resistance - 15-03-2023
The EURUSD pair begins today with clear positivity to attack 1.0745 level and attempts to breach it, which hints heading to achieve new gains in the upcoming sessions, while it faces negative pressure by stochastic that might hinder the mission to rise.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting its next destination clearly, noting that the contradiction between the technical factors provides another reason for neutrality.
Note that confirming breaching 1.0745 will push the price to achieve positive targets that start at 1.0800 and extend to 1.0925, while consolidating below it will press on the price to resume the bearish wave that targets 1.0620 followed by 1.0515 as next main stations.
The expected trading range for today is between 1.0660 support and 1.0850 resistance.
The expected trend for today: Neutral
Generac tries to recoup losses - Analysis - 14-03-2023
Generac Holdings' stock (GNRC) rose in the intraday levels, while attempting to recoup some recent losses, marking a profit of 0.42% in the last session, or 48 points, and settling at 113.64, while hurt by piercing the upward correctional trend line in the short term, with negative signals from the RSI, while the stock pierced the support of the 50-day SMA.
Therefore we expect the stock to return lower, targeting the first support at 96.67, provided it settles below 124.62.
Expected trend for today: Bearish
Comcast tries to vent off oversold saturation - Analysis - 14-03-2023
Comcast's stock (CMCSA) rose in the intraday levels, while recouping recent losses as it also vented off oversold saturation in the RSI, marking a fresh profit of 0.57% in the last session, or 20 cents, and settling at 35.51.
The stock is hurt by piercing the upward correctional trend line in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 33.78, provided the resistance of 37.88 holds on.
Expected trend for today: Bearish
Moderna readies to pierce important support - Analysis - 14-03-2023
Moderna's stock (MRNA) surged in the intraday levels, amid positive signals from the RSI after the support of 135.60 held on, lending it positive momentum and marking a profit of 6.95% in the last session, or 9.61 points, and settling at 147.90.
It comes amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 162.65, provided the support of 135.60 holds on.
Expected trend for today: Bullish