The GBPUSD hits the target - Analysis - 26-09-2023
The GBPUSD pair succeeded to achieve our waited target at 1.2200 and presses negatively on it, to surpass it by today’s open, confirming the continuation of the bearish trend domination in the upcoming period, opening the way to head towards 1.2135 that represents our next target.
Therefore, we are waiting for more expected decline on the intraday and short term basis, noting that breaching 1.2230 will push the price to start recovery attempts and head to test 1.2310 areas before any new attempt to decline.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bearish
The EURUSD confirms the break - 26-09-2023
The EURUSD pair managed to confirm breaking 1.0635 level after closing yesterday below it, to support the continuation of the expected bearish trend on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, and the way is open to head towards our next target at 1.0515.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1.0665 will stop the expected decline and push the price to start bullish correction on the intraday basis.
The expected trading range for today is between 1.0490 support and 1.0640 resistance.
The expected trend for today: Bearish
Goldman Sachs seeks a bottom to boost it higher - Analysis - 25-09-2023
Goldman Sachs Group's stock (GS) fell in the intraday levels under pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels as the stock seeks a bottom to bounce it higher, while trading alongside the main upward trend in the medium term.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 346.20, provided the support of 318.00 holds on.
Expected trend for today: Likely Bullish
Target in a free fall - Analysis - 25-09-2023
Target Corporation's stock (TGT) fell in the intraday levels, amid the dominance of the main downward trend in the medium term, while trading alongside the short term secondary trend line, with negative signals from the RSI despite reaching oversold levels, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 108.40, provided the resistance of 125.00 holds on.
Expected trend for today: Bearish