The GBPUSD awaits more rise - Analysis - 18-05-2022
The GBPUSD pair ended yesterday above 1.2423, to reinforce the expectations of continuing the rise in the upcoming sessions, targeting 1.2590 as a next correctional station.
The EMA50 continues to support the price from below, to keep the bullish trend scenario suggested on the intraday basis unless breaking 1.2420 and holding below it.
The expected trading range for today is between 1.2400 support and 1.2565 resistance.
The expected trend for today: Bullish
The EURUSD hits the positive target – Analysis - 18-05-2022
The EURUSD pair managed to achieve our waited target at 1.0525, noticing that the rise stopped at 23.6% Fibonacci correction level for the decline measured from 1.1185 to 1.0354, to start providing bearish rebound signals now, supported by stochastic negativity.
Therefore, we expect to witness bearish bias in the upcoming sessions, and the targets begin by breaking 1.0480 to confirm the return to the main bearish channel and head towards 1.0350 areas again, taking into consideration that breaching 1.0550 will lead the price to achieve additional bullish correction that its next target reaches 1.0670.
The expected trading range for today is between 1.0450 support and 1.0600 resistance.
The expected trend for today: Bearish
McDonald's leans on SMA support - Analysis - 17-05-2022
McDonald's stock (MCD) fell 0.41% in the last session, or one points, settling at 244.04, with trading volumes surpassing 2.1 million shares, below 10-day averages of 2.8 million shares.
McDonald's has announced an exit from Russia, that would cost it $1.4 million, after two months of closures for its restaurants over there after Russia's invasion of Ukraine, with the company expressing support for Ukraine and "values" underlining the exit decision.
Technically, the stock is seeking a bottom to gather positive momentum and rise anew, amid the dominance of the upward medium-term trend, while dominated by the downward correctional wave, leaning thereafter on the support of the 50-day SMA, as the RSI reached oversold levels.
Therefore we expect the stock to rise and target the resistance of 259.60 anew, provided the support of 244.10 holds on.
Expected trend for today: Bullish
Spirit Airlines tries to vent off oversold saturation - Analysis - 17-05-2022
Spirit Airline's stock rose in the intraday levels after receiving a purchase offer from JetBlue Airways Corp, which was refused, with Spirit holding on to the Frontier Group Holdings' offer, marking a profit of 13.49% in the last session, or 2.29 points, and settling at $19.27, with trading volumes surpassing 27 million shares, passing 10-day averages of 6.2 million shares.
Technically, the downward correctional trend in the short term continues to dominate, with negative pressure from the 50-day SMA, amid attempts to recoup recent losses, while venting off oversold saturation in the RSI.
Therefore we expect the stock to return lower, targeting the support of 15.65, provided the resistance of 19.49 held on.
Expected trend for today: Bearish