The EURUSD rises strongly – Analysis - 30-09-2022
The EURUSD pair rallied upwards strongly yesterday to surpass 0.9790 level and settles above it, opening the way to continue the rise on the intraday basis, expecting to head towards the next correctional level at 0.9865 as a next target, noting that breaching it will extend the bullish wave to reach 0.9940.
Therefore, the bullish bias will be suggested for today, noting that breaking 0.9790 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 0.9730 support and 0.9900 resistance.
The expected trend for today: Bullish
Update: The EURUSD rises again
The EURUSD pair returns to rise strongly to beach 0.9700 and attempts to hold above it, which urges caution from the upcoming trading, as consolidating above this level will push the price for more bullish correction that its targets begin at 0.9790 and might extend to 0.9865, while trading below it again will reactivate the main bearish trend scenario that its next target located at 0.9550.
Biogen surges - Analysis - 29-09-2022
Biogen's stock (BIIB) surged in the last session after the pharmaceutical company said its Alzheimer drug managed to slow down the cognitive and functional decline in early stages of the disease considerably, with the stock surging 39.85%, or 78.82 points, and settling at 276.61, with trading volumes surpassing 16.2 million shares, above 10-day averages of 2.6 million shares.
Technically, the stock managed to shake off negative pressure from the 50-day SMA, piercing the pivotal resistance of 224.78, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the first resistance at 318.30.
Expected trend for today: Bullish
Apple pares losses - Analysis - 29-09-2022
Apple's stock (AAPL) hit a session-low at 144.84, bouncing off it higher and trimming the losses to 1.27%, or 1.92 points, and settling at 149.84, with trading volumes surpassing 146.6 million shares, above 10-day averages of 105 million shares, after news the company will abandon plans to increase iPhone production as demand stalled.
Technically, the stock is hurt by negative pressure from the 50-day SMA, coupled with negative signals from the RSI, while hurt by piercing the upward short-term trend line recently.
Therefore we expect more losses for the stock, targeting the support of 142.12, provided the pivotal support of 150.10 was breached.
Expected trend for today: Bearish