|
Midday update for the GBPUSD 04-08-2022
The GBPUSD pair trades with strong negativity to break the bullish channel’s support line and attacks 1.2077, which urges caution from the upcoming trading, as continuing the negative pressure and breaking the mentioned level will stop the recently suggested positive scenario and push the price back to the main bearish track again, while the price needs to step above 1.2155 to confirm resuming the bullish wave that its next target located at 1.2360.
The expected trading range for today is between 1.2040 support and 1.2200 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
Midday update for the EURUSD 04-08-2022
The EURUSD pair continues to fluctuate near 1.0200 level without managing to breach it, and as long as the price is above 1.0100, our bullish overview will remain valid for today, waiting to get strong positive motive that assist to push the price to breach the mentioned level and rally towards 1.0278 followed by 1.0355 as next main targets.
MoreCVS spikes - Analysis - 04-08-2022
CVS's stock surged after the pharmaceutical retail company reported forecast-beating profits and raised outlook for the entire year, with the stock surging 6.30%, or 6.01 points, settling at 101.38, with trading volumes surpassing 11.6 million shares, above 10-day averages of 5.4 million shares.
MoreStarbucks returns higher - Analysis - 04-08-2022
Starbucks' stock (SBUX) returned higher in the intraday levels after reporting record quarterly profits, beating estimates handily, with the stock rallying 4.25%, or 3.56 points, and settling at 87.27, with trading volumes surpassing 13 million shares, above 10-day averages of 7 million shares.
More