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The GBPUSD breaks the support - Analysis - 02-06-2022

Economies.com
2022-06-02 04:05AM UTC

The GBPUSD pair broke 1.2590 level strongly and declined sharply to settle below 1.2500 barrier, to fall under expected negative pressure in the upcoming period, targeting testing 1.2425 as a first negative station, noting that breaking this level will extend the bearish wave to reach 1.2325 as a next target.

 

Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1.2590 and hold above it again.

 

The expected trading range for today is between 1.2380 support and 1.2550 resistance.

 

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The expected trend for today: Bearish

The EURUSD completes negative pattern – Analysis - 02-06-2022

Economies.com
2022-06-02 04:05AM UTC

The EURUSD pair ended yesterday with strong negativity to break 1.0670 level and settles below it, and by taking a deeper look at the chart, we find that the price completed forming negative pattern that supports the chances of continuing the decline in the upcoming sessions, paving the way to head towards 1.0550 as a main negative target.

 

Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, noting that breaching 1.0670 and holding above it will reactivate the correctional bullish scenario again.

 

The expected trading range for today is between 1.0550 support and 1.0700 resistance.

 

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The expected trend for today: Bearish

SalesForce gives in to negative pressures - Analysis - 01-06-2022

Economies.com
2022-06-01 13:49PM UTC

SalesForce's stock (CRM) returned lower with a spike in trading volumes in trading volumes, amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA, as the RSI reached overbought levels compared to the stock's movements, hinting at negative divergence, with a loss of 2.94%, or 4.86 points, settling at 160.24, with trading volumes surpassing 18.1 million shares, above 10-day averages of 8.5 million shares. 

 

SalesForce reported earnings of $7.41 billion, up 24% from last year, or 26% adjusted, beating estimates of $7.38 billion. 

 

The company said expects total earnings of $21.5 billion in the next 12 months, up 21% from a year ago, with operational cash flow hitting $3.68 billion, up 14%. 

 

We expect more losses for the stock, targeting the support of 148.00, provided the resistance of 184.44 holds on.

 

SalesForce is a software company that presents solutions for client relations management based on cloud services, and it has over 150 thousand clients. 

 

Expected trend for today: Bearish

The Trade Desk declines after approaching pivotal resistance - Analysis - 01-06-2022

Economies.com
2022-06-01 13:48PM UTC

The Trade Desk's stock (TTD) declined 0.84% in the last session, or 44 cents, settling at 52.05, with trading volumes surpassing 6.1 million shares, below 10-day averages of 8.2 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, as the RSI reached overbought levels. 

 

Therefore we expect the stock to decline and target the support of 40.10, provided the resistance of 55.00.

 

The Trade Desk is one of the largest digital ad companies in the world with program-based services and AI to support advertisers in their campaigns. 

 

Expected trend for today: Bearish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3498 (2025-07-11 23:35PM UTC)