The GBPUSD price tests the resistance - Forecast today - 03-04-2024
GBPUSD Price Update
GBPUSD Analysis
- The GBPUSD price keeps its stability below 1.2580$ level until now.
- This keeps the correctional bearish trend valid for the upcoming period, targeting testing 1.2480$ as a next station.
- The EMA50 keeps supporting the suggested bearish wave.
- Waiting to activate the negative effect of the head and shoulders’ pattern that appears on the chart.
- Continuation of the bearish trend depends on the price stability below 1.2580$.
Expected Trading Range for Today
- Between 1.2480$ support and 1.2640$ resistance.
Trend Forecast: Bearish
The EURUSD price attempts positively – Forecast today - 03-04-2024
EURUSD Price Update
EURUSD Analysis
- The EURUSD price ended yesterday’s trading at 1.0765$ level, as it attempted to breach this level.
- Stochastic shows overbought signals now, while the EMA50 continues to press negatively on the price.
- These factors encourage us to suggest the bearish rebound in the upcoming sessions.
- We are waiting to target 1.0645$ as a next main station.
- Holding above 1.0765$ will stop the negative scenario and push the price to achieve additional gains that reach 1.0860$.
Expected Trading Range for Today
- Between 1.0680$ support and 1.0840$ resistance.
Trend Forecast: Bearish
End of day EURUSD price forecast update - 02-04-2024
The EURUSD price trades with clear positivity to attack 1.0765$ level now, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend scenario active, as confirming the breach will lead the price to build intraday bullish wave that targets testing 1.0860$ areas as a first positive station.
Robinhood price collects profits - Forecast today - 02-04-2024
Robinhood Markets’ stock price (HOOD) fell in the intraday levels, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, as the stock collects recent profits while gathering momentum to rise anew.
Therefore we expect the stock to return higher, targeting the resistance of $21.75, provided the support of $18.25 holds on.
Trend forecast: Likely Bullish