The GBPUSD price attempted to breach the broken neckline of the double top pattern but it returns to trade below it, to keep the negative effect of this pattern active, waiting to achieve our negative targets that start at 1.3036$ and extend to 1.2965$ after breaking the previous level.

The EMA50 forms negative pressure that supports the expected decline, which will remain valid conditioned by the price stability below 1.3124$.

The expected trading range for today is between 1.2985$ support and 1.3124$ resistance.

Trend forecast: Bearish

The EURUSD price fluctuates around 1.1040$ level since morning, and as we mentioned in our last report, the price needs to hold below this level to keep the correctional bearish scenario active, which targets 1.0990$ followed by 1.0940$ levels as next main stations, noting that stochastic current positivity might cause more sideways fluctuation before resuming the expected decline.

The expected trading range for today is between 1.0955$ support and 1.1100$ resistance.

Trend forecast: Bearish

Investors have suffered from significant market volatility recently. With ongoing uncertainty surrounding interest rates and the economy, investors may wonder which stocks to buy in this environment.

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1. Alphabet Inc. (GOOG)
2. Amazon.com, Inc. (AMZN)
3. Spotify Technology S.A. (SPOT)
4. NIKE, Inc. (NKE)
5. Pfizer Inc. (PFE)

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1. Alphabet Inc. (GOOG)

Alphabet's revenue this year reached approximately $357.79 billion, an increase of 16.39% from last year's $307.39 billion, with expectations for next year's revenue to reach $397.88 billion, an increase of 11.21% from this year.

According to 36 analysts, the 12-month price target is an average of $199.94, a 33.69% increase from the current stock price, suggesting that analysts believe this stock is likely to outperform the market over the next twelve months.

Google is divided into two main segments: Google Services and Google Cloud. Google Services include YouTube, Google Play, Gmail, Android, Chrome, and Nest smart-home products. This segment generates most of its money from advertising, but there is also significant revenue from hardware (Nest) and in-app purchases (Google Play).

Additionally, Alphabet owns a segment called "Other Bets," which includes many promising early-stage companies, with the most prominent being the self-driving car technology company Waymo. Although none of the "Other Bets" companies have generated significant revenue yet, there is substantial long-term potential.

2. Amazon.com, Inc. (AMZN)

Amazon's revenue this year reached approximately $647.78 billion, an increase of 12.7% from last year's $574.79 billion, with expectations for next year's revenue to reach $717.37 billion, an increase of 10.7% from this year.

According to 42 analysts, AMZN stock has a "Strong Buy" rating, with a 12-month price target of $219.26, representing a 25.01% increase from the latest price.

Amazon has a leading and dominant position in the US e-commerce market, and its Amazon Web Services (AWS) cloud platform is also a market leader. However, there is more growth potential than one might imagine. So far, e-commerce represents 15% of total retail sales in the US, and Amazon also has significant potential in other areas, such as healthcare, grocery, local markets, and more, along with substantial investments in promising artificial intelligence.

3. Spotify Technology S.A. (SPOT)

Spotify Technology's revenue this year reached approximately $16.10 billion, an increase of 21.51% from last year's $13.25 billion, with expectations for next year's revenue to reach $18.49 billion, an increase of 14.86% from this year.

According to 31 analysts, Spotify Technology's 12-month price target is an average of $346.16, a 6.90% increase from the current stock price of $323.81, indicating that analysts believe this stock is likely to outperform the market over the next twelve months.

Spotify is a leading company in digital music and audio streaming services, making it one of the top-recommended stocks by Bank of America. The company continues to grow its user base in both developed and emerging markets through continuous improvements in the user experience, attracting more subscribers. It relies on two main revenue models: subscriptions and advertising. Spotify also heavily invests in podcasts, achieving significant success through exclusive content and strategic partnerships.

Spotify continues to expand into new markets worldwide, increasing growth opportunities while focusing on emerging markets, which can provide a strong boost to future growth.

4. NIKE, Inc. (NKE)

NIKE's revenue this year reached approximately $49.36 billion, 3.90% lower than last year's $51.36 billion, with expectations for next year's revenue to reach $51.71 billion, an increase of 4.77% from this year.

The average 12-month price target for NIKE stock among 34 analysts is approximately $101.85, a 28.13% increase from the current stock price of $79.49, suggesting that analysts believe this stock is likely to outperform the market over the next twelve months.

NIKE, Inc., along with its subsidiaries, is involved in designing, developing, marketing, and selling athletic footwear, apparel, equipment, accessories, and services worldwide. It also sells a range of performance equipment and accessories, including bags, balls, socks, eyewear, watches, digital devices, bats, gloves, protective equipment, and other sports equipment under the NIKE brand, along with various plastic products for other manufacturers. The company was founded in 1964 and is headquartered in Beaverton, Oregon.

5. Pfizer Inc. (PFE)

Pfizer's revenue this year reached approximately $61.79 billion, a 5.63% increase from last year's $58.50 billion, with expectations for next year's revenue to reach $63.82 billion, an increase of 3.29% from this year.

The average 12-month price target for Pfizer stock among analysts is approximately $34.54, a 17.44% increase from the current stock price. Analysts' average rating for the stock is "Buy," indicating that they believe this stock is likely to outperform the market over the next twelve months.

Pfizer develops, manufactures, markets, and distributes biopharmaceutical products in the US, Europe, and internationally. The company offers medicines and vaccines in various therapeutic areas and also engages in contract manufacturing. It serves wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, individual providers' offices, retail pharmacies, and integrated delivery systems. Pfizer Inc. was founded in 1849 and is headquartered in New York City.

The EURCHF price failed to resume the negative attack by facing the additional support 0.9330, to form solid obstacle against the negative trades and notice forming correctional bullish rebound by fluctuating near 0.9365.

Also, stochastic exits the oversold areas to increase the positive pressures on the price, to allow us to start suggesting the bullish attempts that might target 0.9425 followed by reaching 0.9500 resistance line.

The expected trading range for today is between 0.9340 and 0.9525

Trend forecast: Bullish