The GBPUSD gathers the positive momentum - Analysis - 27-06-2022
The GBPUSD pair continues to fluctuate around the EMA50, and didn’t show any strong move in the previous sessions, thus, no change to the bullish trend scenario that depends on the price stability above 1.2205, noting that stochastic gathers the positive momentum to support the expectations to rise, reminding you that our main targets begin at 1.2320 and extend to 1.2490.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
The EURUSD surpasses the resistance – Analysis - 27-06-2022
The EURUSD pair closed last Friday above 1.0550 level, to activate the bullish trend scenario on the intraday basis, organized inside the bullish channel that appears on the chart, waiting for positive trades in the upcoming sessions that target 1.0670 areas mainly.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.0550 followed by 1.0525 levels will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.0500 support and 1.0640 resistance.
The expected trend for today: Bullish
Walmart tries to recoup some losses - Analysis - 24-06-2022
Walmart's stock (WMT) rose in the intraday levels after launching an expansion plan to support healthcare products for women, with the stock surging 2.43,% in the last session, or 2.93 points, settling at 123.62, with trading volumes surpassing 6 million shares, above 10-day averages of 8.2 million shares.
The stock is trying to recoup some recent losses amid positive signals from the RSI, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 117.00, provided the resistance of 126.28 holds on.
Expected trend for today: Bearish
Occidental Petroleum tries to vent off oversold saturation - Analysis - 24-06-2022
Occidental Petroleum's stock (OXY) rose after billionaire Warren Buffet bought some shares in the energy company according to the Wall Street Journal, marking a profit of 0.57%, or 32 cents, and settling at 56.09, with trading volumes surpassing 36.8 million shares, above 10-day averages of 34.5 million shares.
The stock is hurt by piercing the downward short-term trend line, with negative pressure from the 50-day SMA, while recouping some recent losses, and venting off oversold saturation in the RSI amid positive signals from the RSI.
Therefore we expect the stock to return lower, targeting the first support at 51.53, provided the resistance of 63.00 holds on.
Expected trend for today: Bearish