The EURUSD surpasses the first target – Analysis - 16-08-2022
The EURUSD pair managed to surpass our first waited target at 1.0200 to confirm extending the bearish wave on the intraday and short term basis, opening the way to head towards 1.0100 that represents our next station.
The EMA50 continues to press negatively on the price to support the expectations of continuing the bearish trend, taking into consideration that breaching 1.0200 represents initial key to start recovery attempts that target testing 1.0278 areas initially.
The expected trading range for today is between 1.0080 support and 1.0220 resistance.
The expected trend for today: Bearish
American Express adds to gains - Analysis - 15-08-2022
American Express' stock (AXP) kept rising in the intraday levels amid the dominance of the upward correctional short-term wave, with support from the 50-day SMA, with positive signals from the RSI after reaching overbought levels, marking a profit of 1.75%, or 2.85 points, and settling at 165.84.
Therefore we expect more gains for the stock, targeting the support of 149.89, provided the resistance of 170.78.
Expected trend for today: Bullish
Xerox spikes - Analysis - 15-08-2022
Xerox Holdings' stock (XRX) surged 3.80% in the last session, or 70 cents, and settled at 19.14, while buoyed by piercing the downward trend line recently, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 20.70, provided the support of 17.60 holds on.
Expected trend for today: Bullish
American International rises for sixth straight session - Analysis - 15-08-2022
American International Group's stock (AIG) kept rising after exiting the descending correctional price channel that guided recent trading, with support from the 50-day SMA, marking a profit of 1.92% in the last session, or 1.08 points, and settling at 57.41, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 59.70, provided the support of 53.40 holds on.
Expected trend for today: Bullish