The GBPUSD price breaks the support - Forecast today - 22-04-2024
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price broke below the $1.2385 level, indicating a continuation of the bearish trend.
- The next target is set at $1.2265.
- The EMA50 continues to exert negative pressure on the price.
- A failure to consolidate below $1.2385 and trading above it again may trigger intraday gains, targeting $1.2480.
Expected Trading Range
Between $1.2300 support and $1.2460 resistance.
Trend Forecast: Bearish
The EURUSD price attempts to recover – Forecast today - 22-04-2024
EURUSD Price Analysis
Expected Scenario
- The EURUSD price shows calm positivity, testing the EMA50 as minor resistance.
- Stochastic indicates a loss of positive momentum, suggesting a potential resumption of the bearish trend.
- Initial targets for the expected bearish trend start with a break below $1.0615, aiming for $1.0520.
- Above $1.0715, the decline scenario may be invalidated, with potential recovery targets around $1.0795.
Expected Trading Range
Between $1.0580 support and $1.0725 resistance.
Trend Forecast: Bearish
Broadcom price breaches upside trend line - Forecast today - 19-04-2024
Broadcost’s stock price (AVGO) fell in the intraday levels and trespassed the support of the 50-day SMA, exposing the stock to negative pressure and piercing the upward correctional short-term trend, with negative signals from the RSI, thus doubling negative pressures.
Therefore we expect more losses for the stock, targeting the important support of $1174, provided the pivotal resistance of $1438 holds on.
Trend forecast: Bearish
Apple price extends losses - Forecast today - 19-04-2024
Apple’s stock price (AAPL) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI, amid the dominance of the downward correctional trend in the short term.
Therefore we expect more losses for the stock, targeting the first support at $159.78, provided the pivotal support of $165.67 was pierced.
Trend forecast: Bearish