The EURUSD is recovering – Analysis - 21-04-2022
The EURUSD pair surpassed 1.0820 level and settled above it, to head towards achieving some bullish correction, targeting 1.0950 areas mainly, supported by moving above the EMA50.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.0820 followed by 1.0775 levels will stop the expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 1.0775 support and 1.0940 resistance.
The expected trend for today: Bullish
Coca-Cola returns higher - Analysis - 20-04-2022
Coca-Cola's stock (KO) returned higher with a 0.98% profit, amid attempts to gather momentum and vent off overbought saturation in the previous session, while now reversing higher, and settling at 65.07, with trading volumes averaging 12 million shares.
The gains come amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 66.00.
Expected trend for today: Bullish
McDonald's rallies - Analysis - 20-04-2022
McDonald's stock (MCD) surged 1.73% in the last session, settling at 255.40, with trading volumes surpassing 2.3 million shares, while hurt by piercing the downward correctional short-term trend line, while buoyed above the support of the 50-day SMA, with positive signals from the RSI.
McDonald's is preparing for more growth through launching new products and tech initiatives, that include a new loyalty program to reward loyal customers with special offers.
Therefore we expect the stock to rise and target the resistance of 262.50, provided the support of 245.24 holds on.
Expected trend for today: Bullish
3M touches SMA resistance - Analysis - 20-04-2022
3M's stock rose 2.68% in the last session, touching the resistance of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, amid the dominance of the main downward medium-term trend, settling thereafter at 150.10, with trading volumes surpassing 2.2 million shares.
Therefore we expect the stock to return lower, targeting the pivotal support of 144.39, provided the resistance of 154.00 holds on.
Expected trend for today: Bearish