The EURUSD gets positive momentum - 31-01-2023
The EURUSD pair traded negatively on yesterday’s evening to test the key support 1.0845, which urges caution from the upcoming trading, as the price needs to consolidate above this level to keep the bullish trend active, which targets 1.1030 mainly.
Stochastic shows positive signals that support the chances of resuming the expected bullish wave, reminding you that breaking 1.0845 will press on the price to test 1.0745 areas before any new attempt to rise.
The expected trading range for today is between 1.0770 support and 1.0930 resistance.
The expected trend for today: Bullish
Chevron driven lower by pivotal resistance - Analysis - 30-01-2023
Chevron's stock (CVX) fell in the intraday levels after the energy giant missed fourth-quarter profits estimates, while earnings beat expectations, with the stock tumbling 4.44% in the last session, or 8.34 points, settling at 179.45, with trading volumes surpassing 19.6 million shares, above 10-day averages of 9.6 million shares.
Technically, the stock fell after the pivotal resistance of 188.44 held on, with negative signals from the RSI after reaching overbought levels, with the stock gathering momentum to pierce that resistance, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 213.00, provided the resistance of 188.44 was breached.
Expected trend for today: Bullish
Adobe dominated by upward correctional trend - Analysis - 30-01-2023
Adobe's stock (ADBE) rose in the intraday levels amid the dominance of the upward correctional trend in the short term, while buoyed by piercing the main downward trend line recently, buoyed by trading above the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 396.40.
Expected trend for today: Bullish
Humana tumbles - Analysis - 30-01-2023
Humana's stock (HUM) skidded in the intraday levels while hurt by piercing the main upward short-term trend line recently, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 469.34, provided the resistance of 515.00 holds on.
Expected trend for today: Bearish