The GBPUSD completes the positive formation - Analysis - 17-06-2022
The GBPUSD pair soared yesterday after completing the positive pattern that appears on the chart, to head towards achieving expected gains on the intraday basis, targeting visiting 1.2490 as a next positive station.
Therefore, the bullish bias will be expected for today, noting that breaking 1.2205 will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 1.2230 support and 1.2400 resistance.
The expected trend for today: Bullish
The EURUSD achieves strong gains – Analysis - 17-06-2022
The EURUSD pair rallied upwards strongly yesterday after breaching 1.0490 level, to attack 1.0550 and attempts to breach it, but it closed the daily candlestick below this level, to start crawling negatively by today’s open, which encourages us to suggest the bearish bias for today, supported by stochastic negativity, waiting to visit 1.0470 followed by 1.0355 levels as next main stations.
Therefore, the bearish trend will be expected on the intraday basis, noting that breaching 1.0550 will stop the negative scenario and push the price to achieve new bullish correction that its next target reaches 1.0670.
The expected trading range for today is between 1.0440 support and 1.0600 resistance.
The expected trend for today: Bearish
Apple tries to recoup some losses - Analysis - 16-06-2022
Apple's stock (AAPL) rose in the intraday levels after announcing the US football season will be exclusively available on Apple TV starting 2023 in a 10-day deal valued at $250 million, with the stock marking a profit of 2.01%, or 2.67 points, settling at 135.43, with trading volumes surpassing 91.5 billion shares, above 10-day averages of 81.3 million shares.
The stock is trying to recoup some losses while venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 132.60, provided the resistance of 157.26 holds on.
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Expected trend for today: Bearish
Redfin heads firmly south - Analysis - 16-06-2022
Redfin Corporation's stock (RDFN) kept falling amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, with negative signals from the RSI despite reaching oversold levels, marking a loss of 1.23% or 10 cents, settling at 8.03, with trading volumes surpassing 6.2 million shares, above 10-day averages of 3.4 million shares.
The decline came after the company said it'll let go of 470 employees, or 6% of total workforce by June, due to untenable market conditions, while expecting costs of $9.5 million for this move as a one-time cost, and $10.5 million in the second quarter.
Therefore we expect more losses for the stock, targeting the support of 5.80, provided the resistance of 9.63 holds on.
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Expected trend for today: Bearish