The EURUSD reaches the extended target – Analysis - 27-05-2022
The EURUSD pair resumed its positive trading strongly to reach our waited target at 1.0770, getting continuous positive support by the EMA50 that reinforces the chances of surpassing the mentioned level to open the way to achieve additional gains that reach 1.0865.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to achieve the required breach will press on the price to test 1.0670 areas before any new attempt to rise.
The expected trading range for today is between 1.0700 support and 1.0850 resistance.
The expected trend for today: Bullish
American Express ends cautiously higher - Analysis - 26-05-2022
American Express' stock (AXP) rose 3.14% in the last session, or 4.88 points, settling at 160.51, with trading volumes surpassing 4.3 million shares, above 10-day averages of 3.3 million shares, amid the dominance of the downward correctional trend in the short term, while hurt by piercing the main upward trend line previously, amid negative pressure from the 50-day SMA, while the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 149.89, provided the resistance of 164.83.
Expected trend for today: Bearish
Express rises in negative zone - Analysis - 26-05-2022
Express' stock (EXPR) rose in the intraday levels after the retailer marked a less-than-expected loss in the first quarter, marking a profit of 6.72% in the last session, or 16 cents, and settling at 2.54, with trading volumes surpassing 11.7 million shares, above 10-day trading averages at 4.4 million shares.
The stock is moving alongside the downward short-term trend line, with negative pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, amid attempts to vent off oversold saturation.
Therefore we expect the stock to return lower, targeting the support of 1.82, provided it settles below the resistance of 2.83.
Expected trend for today: Bearish
Nordstrom rises alongside downward correctional trend line - Analysis - 26-05-2022
Nordstrom's stock (JWN) spiked after the retailer raised forecasts for yearly sales and profits forecasts, marking a profit of 14.02% in the last session, or 2.90 points, and settling at 23.58, with trading volumes surpassing 29.7 million shares, above 10-day averages of 10.1 million shares.
The stock is attempting to recoup some recent losses amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, countered by positive signals from the RSI.
Therefore we expect the stock to return lower, targeting the pivotal support of 18.95,b provided the resistance of 25.24 holds on.
Expected trend for today: Bearish