The EURUSD within negative pattern – Analysis - 15-06-2022
The EURUSD pair’s recent trades are confined within descending triangle pattern that appears on the chart, thus, the price needs to break 1.0400 to get negative motive that assist to rally towards our next negative target at 1.0354.
Therefore, our bearish overview will remain valid and active for the upcoming period supported by the EMA50 that continues to press negatively on the price, noting that breaching 1.0465 will push the price to test 1.0550 before any new attempt to decline.
The expected trading range for today is between 1.0355 support and 1.0500 resistance.
The expected trend for today: Bearish
Spotify suffers from negative pressures - Analysis - 14-06-2022
Spotify's stock (SPOT) declined in the intraday levels after announcing plans to acquire AI platform Sonantic, with the stock sliding 3.54%, or 3.62 points, settling at 98.61, with trading volumes matching 10-day averages at 2.4 million shares.
The main downward trend continues to dominate in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 89.00, provided the resistance of 118.20 held on.
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Expected trend for today: Bearish
Zendesk extends losses - Analysis - 14-06-2022
Zendesk's stock (ZEN) tumbled 7.71% in the last session, or 5.01 points, settling at 59.96, with trading volumes surpassing 3.4 million shares, below averages of 4.2 million shares, after Morgan Stanley downgraded the stock's ratings and stock target to 80 from 145.
The downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 50.23.
Expected trend for today: Bearish
Kosmos Energy seeks a bottom to bolster it higher - Analysis - 14-06-2022
Kosmos Energy's stock (KOS) declined in a volatile session off four-year highs as oil prices declined once more on recession concerns , while Berenberg downgraded the stock's standing to hold from buy, marking a loss of 8.25%, or 66 cents, and settling at 7.34, with trading volumes surpassing 9.6 million shares, nearly a million shares above 10-day averages.
The stock is declining amid negative signals from the RSI after reaching overbought levels, while seeking a bottom to bounce it higher anew, amid the dominance of the main upward trend in the short term, leaning thereafter on the support of the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 8.36, provided the support of 6.00 holds on.
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Expected trend for today: Bullish