The GBPUSD pair surpassed the correctional bearish channel’s resistance and settled above it, to hint stopping the bearish correction and head to regain the main bullish trend, on its way to achieve positive targets that start at 1.2145 and extend to 1.2265.

Therefore, the bullish bias will be suggested for today, might be hindered by stochastic negativity that appears clearly now on the four hours’ time frame, while it is supported by moving above the EMA50.

On the other hand, we should note that breaking 1.1985 followed by 1.1940 levels will stop the expected rise and press on the price to achieve more bearish correction on the short term basis.

The expected trading range for today is between 1.1970 support and 1.2140 resistance.

The expected trend for today: Bullish

The EURUSD pair returns to trade positively, to test the key resistance 1.0650 now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario valid for the upcoming period.

Stochastic loses its positive momentum clearly to show overbought signals, waiting to assist to push the price to decline again and head towards our main expected target at 1.0515.

Therefore, we will keep our bearish overview, noting that breaching 1.0650 will stop the negative scenario and push the price to achieve additional gains that reach 1.0745 as a next target.

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

The expected trend for today: Bearish

Crude oil price rallied upwards strongly to succeed achieving our first waited target at 78.90 and breaches it to attempt to hold above it now, reinforcing the expectations of extending the bullish wave on the intraday and short term basis, paving the way to achieve additional gains that reach 80.40 and extend to 81.60, taking into consideration that the price needs to build support base above 78.90 to add more confirmation to the continuation of the expected rise.

SalesForce's stock (CRM) rallied in the intraday levels after reporting forecast-beating fourth quarter profits and outlook for this year, with the company CEO vowing to focus on bolstering profits by cutting the workforce and reducing real estate costs, sending the stock higher 11.5% in the last session, or 19.24 points, and settling at 186.59, with trading volumes surpassing 37.7 million shares, above 10-day averages of 10.3 million shares. 

Technically, the stock is dominated by the upward correctional trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more losses for the stock, targeting the resistance of 222.16, provided the resistance of 192.68 was breached. 

Expected trend for today: Bearish