|
The EURUSD faces negative pressure – Analysis - 03-08-2022
The EURUSD pair continued to decline to break 1.0200 level and settles below it, noticing that stochastic got rid of its positive momentum and begins to overlap positively now, waiting to motivate the price to resume the positive trades and head to test 1.0278 initially, reminding you that breaching this level will extend the bullish wave to reach 1.0355 followed by 1.0450 levels.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.0100 and holding below it.
The expected trading range for today is between 1.0120 support and 1.0270 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
BP resumes decline - Analysis - 02-08-2022
BP's stock declined after reporting its best quarter in years amid surges in energy prices, with profits rising to $8.5 billion, above $2.8 billion last year, with the stock nonetheless falling 1.12%, or 33 cents, settling at 29.05, with trading volumes surpassing 14 million shares, above 10-day averages of 11 million shares.
MoreTaiwan Semiconductor gives in to negative pressure - Analysis - 02-08-2022
Taiwan Semiconductor's stock (TSM) fell 2.45% in the last session, or 2.17 points, settling at 86.31, with trading volumes surpassing 20 million shares, above 10-day averages of 10 million shares, with the stock suffering from an official US visit by Nancy Pelosi to Taiwan, which triggered heavy Chinese criticism.
MoreBoeing pierces current resistance - Analysis - 02-08-2022
Boeing's stock (BA) surged after the giant defense and aeroplane company said it can now resume selling of its 787 planes after official US approval, and under supervision of each single plane before delivery.
More