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The EURUSD is satisfied with the first target – Analysis - 20-06-2022

Economies.com
2022-06-20 04:24AM UTC

The EURUSD pair managed to achieved our first waited target at 1.0470 and found solid support base there, to rebound bullishly and start building bullish wave on the intraday basis, paving the way to return to the correctional bullish track, targeting testing 1.0550 initially, which breaching it represents the gate to rally towards 1.0670 as a next positive target.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 1.0445 and holding below it.

 

The expected trading range for today is between 1.0450 support and 1.0610 resistance.

 

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The expected trend for today: Bullish

Evening update for Brent oil price 17-06-2022

Economies.com
2022-06-17 16:52PM UTC

Brent oil price resumed its negative trading sharply to break 115.10 and approach the extended negative stations that reach 110.10, and we expect to witness more decline in the upcoming sessions to break the last level and head towards 105.05 areas, making the bearish bias suggested on the intraday and short term basis condition by the price stability below 115.10.

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Evening update for Crude oil price 17-06-2022

Economies.com
2022-06-17 16:52PM UTC

Crude oil price bounced downwards strongly after the consolidation of the EMA50 against the price’s positive attempts, to break 113.70 level and suffer strong losses that  surpassed our extended target at 109.15 to move near 107.00 barrier now, opening the way to continue the decline in the upcoming period, noting that the next station reaches 104.60, while holding below 109.15 represents initial condition to continue the suggested bearish bias.

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Tesla gives in to negative pressures - Analysis - 17-06-2022

Economies.com
2022-06-17 10:38AM UTC

Tesla's stock (TSLA) returned lower after the company hiked prices in the US to combat rising aluminum and other supplies cost, and the company also hiked Model y prices in China, with Jefferies analysts cutting down sales forecasts for this year and next year. 

 

The company marked a loss of 8.54%, or 59.70 points, settling at 639.30, with trading volumes surpassing 35.7 million shares, above 10-day averages of 32.2 million shares. 

 

The downward correctional trend in the short term, with negative signals from the RSI, after reaching overbought levels, while suffering pressure from the 50-day SMA. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 547.00, provided the resistance of 780.80 holds on.

 

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Expected trend for today: Bearish 

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1761 (2025-07-04 01:55AM UTC)