The GBPUSD gets a negative motive - Analysis - 01-07-2022
The GBPUSD pair returns to decline now, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to provide more negative trades to attack 1.2077 and open the way to head towards our extended target at 1.1933.
Therefore, the bearish trend scenario will remain valid and active unless breaching 1.2225 and hold above it.
The expected trading range for today is between 1.2050 support and 1.2200 resistance.
The expected trend for today: Bearish
The EURUSD achieves intraday gains – Analysis - 01-07-2022
The EURUSD pair provided negative trades yesterday to press on 1.0400 barrier, but it bounced upwards strongly to test 1.0485 level, noticing that the price begins today negatively, affected by stochastic negativity, which supports the continuation of the expected bearish trend scenario on the intraday basis, which its next main target located at 1.0355.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.0550 and hold above it.
The expected trading range for today is between 1.0370 support and 1.0510 resistance.
The expected trend for today: Bearish
Nio driven lower by pivotal resistance - Analysis - 30-06-2022
Nio's stock declined in the intraday levels after the pivotal resistance of 23.94, while trading alongside the main downward short-term trend line, with negative signals from the RSI after reaching overbought levels, with positive support from the 50-day SMA, marking a final loss of 2.24%, or 50 cents, and settling at 21.86, with trading volumes surpassing 71.5 million shares, below 10-day averages of 80.6 million shares.
The decline came after a report accused the company of overreporting its financial results, which Nio denied.
Therefore we expect more losses for the stock, targeting the support of 17.77, provided the pivotal resistance of 23.94 holds on.
Expected trend for today: Bearish
Pinterest emits bearish signals despite gains - Analysis - 30-06-2022
Pinterest's stock (PINS) rose 1.32% in the last session, or 26 cents, settling at 19.96, with trading volumes surpassing 25 million shares, above 10-day averages of 17.4 million shares, after the company said its co-founder Bin Silberman is resigning from its executive position.
The company's suffering negative pressure from trading below the 50-day SMA, amid the dominance of the main downward trend in the medium and short term, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 16.14, provided the resistance of 21.92 holds on.
Expected trend for today: Bearish