The GBPUSD keeps its negative stability - Analysis - 10-05-2022
The GBPUSD pair bounced bullishly yesterday to test 1.2410 level, and still below it until now, noticing that stochastic loses its positive momentum clearly, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next target located at 1.2200, noting that breaching 1.2410 will push the price to test 1.2490 direct before any new attempt to decline.
The expected trading range for today is between 1.2270 support and 1.2440 resistance.
The expected trend for today: Bearish
The EURUSD returns to test the resistance – Analysis - 10-05-2022
The EURUSD pair tests the key resistance 1.0580 again, keeping its stability below it until now, which keeps our bearish overview valid for the upcoming period, supported by stochastic loss to the positive momentum, waiting to resume the decline to visit 1.0450 mainly.
Note that breaching 1.0580 and holding above it will push the price to achieve new bullish correction that targets testing 1.0650 level initially.
The expected trading range for today is between 1.0480 support and 1.0640 resistance.
The expected trend for today: Bearish
Evening update for Crude oil price 09-05-2022
Crude oil price broke 104.60 level strongly to open the way to suffer more losses in the upcoming period and turn to decline, on its way to visit 98.95 areas mainly, to keep the bearish bias dominant on the intraday basis unless the price managed to breach 104.60 and hold above it again.
Zillow Group sharpens decline - Analysis - 09-05-2022
Zillow Group's stock (Z) declined 4.35% in the last session, even after reporting higher earnings in the first quarter, with net income of 49 cents per share, up from 44 cents, however it presented disappointing forecasts.
The main downward trend still dominates, with negative pressure from the 50-day SMA, with negative signals from the RSI, settling at 38.05, with trading volumes surpassing 14.1 million shares.
Therefore we expect more losses for the stock, targeting the support of 28.54.
Expected trend for today: Bearish