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The GBPUSD approaches the first target - Analysis - 12-01-2021
The GBPUSD pair traded negatively yesterday to approach our first waited target at 1.3430, and bounced bullishly to retest the broken neckline of the triple top pattern that its signs appear on the chart, which still active until now, noticing that stochastic loses its positive momentum clearly to enter the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next targets extend to 1.3310, noting that holding below 1.3550 is important to achieve the suggested targets.
The expected trading range for today is between 1.3430 support and 1.3600 resistance.
The expected trend for today: Bearish
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The EURUSD confirms the break – Analysis - 12-01-2021
The EURUSD pair ended yesterday below 1.2173, to confirm extending the expected correctional bearish scenario on the intraday basis, waiting for more decline to visit 1.2064 that represents the next target.
MoreUpdate: The EURUSD settles below the support
The EURUSD pair settles below 1.2173 level after closing the last four hours’ candlestick below it, to support the continuation of the expected bearish trend scenario for the upcoming period, which targets 1.2064 as a next station, reminding you that it is important to hold below 1.2173 to continue the suggested decline.
MoreGoogle readies to tackle pivotal resistance - Analysis - 11-01-2021
Google's stock (GOOG) gained ground while getting ready to tackle the pivotal resistance of 1,847, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
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