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The GBPUSD heads towards testing the support - Analysis - 12-02-2021

Economies.com
2021-02-12 04:59AM UTC

The GBPUSD pair shows negative trades to approach testing the bullish channel’s support line that rises now to 1.3745, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the main bullish trend, which targets 1.3965 as a next main station.

 

Until now, the bullish trend scenario still valid and active unless breaking 1.3745 and holding below it.

 

The expected trading range for today is between 1.3720 support and 1.3900 resistance.

 

The expected trend for today: Bullish

The EURUSD awaits the positive momentum – Analysis - 12-02-2021

Economies.com
2021-02-12 04:59AM UTC

The EURUSD pair shows weak trades and continues to move around 1.2130, which keeps the bullish trend scenario valid as it is without any change for the upcoming period, supported by the EMA50, which its targets begin at 1.2173 and extend to 1.2300 after surpassing the previous level.

 

On the other hand, we should note that breaking 1.2064 will stop the expected rise and put the price under the correctional bearish pressure again.

 

The expected trading range for today is between 1.2065 support and 1.2220 resistance.

 

The expected trend for today: Bullish

Update: Gold price breaks the support

Economies.com
2021-02-11 19:54PM UTC

Gold price broke 1830.00 level strongly and attempts to hold below it, to hint the price head to reactivate the negative scenario again, on its way to achieve negative targets that start at 1800.00 and extend to 1765.00, noting that the price needs to get a daily close below 1830.00 to confirm the continuation of the potential decline.

Cisco trims losses - Analysis - 11-02-2021

Economies.com
2021-02-11 10:49AM UTC

Cisco Systems' stock fell 2.60% in the last session, after bouncing off 45.87 and paring the losses, while leaning on upward short-term trend line, as the pivotal resistance of 48.25 held its ground, with the stock now gathering momentum and venting off overbought saturation in the RSI, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 48.25 anew, provided the support of 45.55 holds on. 

 

Expected trend for today: Bullish 

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3647 (2025-07-04 23:55PM UTC)