The GBPUSD hits the target - Analysis - 23-01-2023
The GBPUSD pair succeeded to touch our waited target at 1.2440 and attempts to breach it, to suggest extending the bullish wave within the bullish channel that has additional positive targets that reach 1.2590.
Therefore, the bullish trend scenario will remain valid for the upcoming period, noting that breaking 1.2340 will stop the expected rise and press on the price to achieve new bearish correction.
The expected trading range for today is between 1.2380 support and 1.2530 resistance.
The expected trend for today: Bullish
The EURUSD rallies upwards – Analysis - 23-01-2023
The EURUSD pair opened today’s trading with strong positivity to approach our waited target at 1.0915, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and we believe that the way is open to achieve additional gains that reach 1.1030.
The EMA50 provides continuous positive support to the price, to keep our bullish overview on the intraday and short term basis, noting that breaking 1.0830 will press on the price to test the key support 1.0745 before any new attempt to rise.
The expected trading range for today is between 1.0830 support and 1.0990 resistance.
The expected trend for today: Bullish
Procter & Gamble sharpens decline - Analysis - 20-01-2023
Procter & Gamble's stock (PG) kept falling in the intraday levels after reporting a second financial quarter profit as expected, however volumes were below expectations, with the stock sliding 2.73%, or 3.99 points, settling at 142.42, with trading volumes surpassing 12.6 million shares, above 10-day averages of 7.8 million shares.
Technically, the stock was exposed to pressure after piercing the upward correctional trend line previously in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect more losses for the stock, targeting the first support at 138.27, provided the resistance of 148.72 holds on.
Expected trend for today: Bearish
Robinhood exposed to negative pressure - Analysis - 20-01-2023
Robinhood's stock (HOOD) fell in the intraday levels after touching the resistance of the 50-day SMA, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, forming negative divergence, amid the dominance of the main downward medium-term trend.
Therefore we expect more losses for the stock, targeting the first support at 8.37, provided it settles below 9.16.
Expected trend for today: Bearish