The EURUSD awaits more rise – Analysis - 09-08-2022
The EURUSD pair continues to fluctuate around 1.0200 level, moving within the bullish channel that supports the chances of continuing the expected bullish wave for the upcoming period, to continue suggesting the bullish trend for the upcoming period, waiting to test 1.0278 initially, reminding you that breaching this level will push the price to 1.0355 followed by 1.0450 levels as next main stations.
In general, the bullish trend scenario will remain active unless breaking 1.0100 and holding below it.
The expected trading range for today is between 1.0120 support and 1.0280 resistance.
The expected trend for today: Bullish
CloudFlare rallies - Analysis - 08-08-2022
CloudFlare's sock (NET) surged in the intraday levels after raising full-year forecasts for earnings from $959 to $972 million, beating market estimates of $958.4 million, with the stock surging 27.06%, or 15.81 points, settling at 74.24, with trading volumes surpassing 22.6 million shares, above 10-day averages of 6.4 million shares.
The stock is buoyed by piercing the main downward trend line previously, with support from trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels, tackling the resistance of 76.60.
Therefore we expect more gains for the stock, targeting the resistance of 95.77, provided the resistance of 76.60 was breached.
Expected trend for today: Bullish
Carvana attacks current resistance - Analysis - 08-08-2022
Carvana's stock (CVNA) rose in the last session even after reporting losses larger than expected, however sales rose to 117,564 units in the second quarter from 105,185 used cars in the previous quarter, with the stock rallying 40.07%, or 13.44 points, settling at 46.98, with trading volumes surpassing 46.7 million shares, above 10-day averages of 13 million shares.
The stock is boosted by support from the 50-day SMA, amid the dominance of the upward correctional short-term wave, tackling the resistance of 46.35, countered by negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 70.00, provided the resistance of 46.35 was breached.
Expected trend for today: Bullish
Doordash gathers positive momentum - Analysis - 08-08-2022
DoorDash's stock (DASH) declined in the intraday levels after reporting growth in the second quarter while food deliveries ongoing despite economic uncertainty, however the loss was worse than expected, with the stock declining 1.32%, or 1.07 points, settling at 80.29, with trading volumes surpassing 18.3 million shares, above 10-day averages of 6.7 million shares.
The upward correctional short-term wave dominates, buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels, amid attempts to gather momentum quickly to rise anew.
Therefore we expect the stock to return higher, targeting the resistance of 105.88, provided it settles above 76.00.
Expected trend for today: Bullish