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The EURUSD retests the broken support – Analysis - 13-10-2021

Economies.com
2021-10-13 04:26AM UTC

The EURUSD pair retests the broken support of the bearish flag pattern that was completed yesterday, keeping its stability below it until now, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that keeps pushing the price downwards, reminding you that our waited targets begin at 1.1500 and extend to 1.1420.

 

Holding below 1.1580 is important to achieve the suggested targets, as breaching it will lead the price to start recovery attempts that target testing 1.1670 areas before any new attempt to decline.

 

The expected trading range for today is between 1.1470 support and 1.1600 resistance.

 

The expected trend for today: Bearish

Evening update analysis for Gold 12-10-2021

Economies.com
2021-10-12 16:33PM UTC

Gold price tested 1770.00 and bounced bearishly to resume the expected bearish track for the upcoming period, supported by stochastic negativity, waiting to visit 1735.00 as a first main station, noting that the continuation of the bearish wave requires holding below 1770.00 and the most important below 1780.00.

Evening update for the EURUSD 12-10-2021

Economies.com
2021-10-12 16:33PM UTC

The EURUSD pair managed to break the bearish flag’s support line to get negative motive that supports the expectations of continuing the bearish trend, and the way is open to achieve the first waited target at 1.1500, reminding you that it is important to hold below 1.1590 to continue the expected decline.

Facebook sharpens decline - Analysis - 12-10-2021

Economies.com
2021-10-12 12:00PM UTC

Facebook's stock (FB) fell 1.39% in the last session, settling at 325.45, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA, combined with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the first support at 315.55, targeting the first support at 315.55.

 

Expected trend for today: Bearish