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The EURUSD hits the target - 30-08-2023

Economies.com
2023-08-30 04:24AM UTC

The EURUSD pair succeeded to touch our waited target at 1.0880 and finds solid resistance there, as the previously broken 61.8% Fibonacci correction level meets the correctional bearish channel’s resistance, accompanied by witnessing clear negative signals through stochastic.

 

Therefore, we believe that the chances valid to rebound bearishly and trade negatively in the upcoming sessions, waiting to test 1.0785 as a main target, noting that breaching 1.0880 – 1.0890 levels will stop the expected decline and lead the price to achieve more gains that reach 1.0955 areas.

 

The expected trading range for today is between 1.0785 support and 1.0925 resistance.

 

The expected trend for today: Bearish

American Express buoyed by important support - Analysis - 29-08-2023

Economies.com
2023-08-29 11:15AM UTC

American Express Company's stock (AXP) rose in the intraday levels, after the important support of 158.23, lending the stock positive momentum that helped it achieve such gains, with positive signals from the RSI after reaching oversold levels, while trading alongside the main upward medium-term trend line, as the stock continues to suffer from negative pressure due to trading below the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 166.55, provided the support of 158.23 holds on.

 

Expected trend for today: Bullish

Intel touches SMA resistance - Analysis - 29-08-2023

Economies.com
2023-08-29 11:14AM UTC

Intel Corporation's stock (INTC) rose in the intraday levels, while trading alongside the upward correctional trend line in the short term, touching the resistance of the 50-day SMA, while retesting the resistance of 33.84, amid negative signals from the RSI after the stock managed to vent off its oversold saturation. 

 

Therefore we expect the stock to return lower, targeting the support of 31.38, provided the resistance of 33.84 holds on.

 

Expected trend for today: Likely Bearish

Chevron attacks stubborn resistance - Analysis - 29-08-2023

Economies.com
2023-08-29 11:14AM UTC

Chevron Corporation's stock (CVX) rose in the intraday levels, while buoyed by piercing the downward correctional short-term trend line, as the stock trades above the 50-day SMA, readying to tackle the important and stubborn resistance of 162.30, with positive signals from the RSI after reaching oversold levels.

 

Therefore we expect the stock to rise and target the resistance of 172.47, provided the initial resistance of 162.30 was breached. 

 

Expected trend for today: Bullish