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The GBPUSD reaches the extended target - Analysis - 27-09-2023
The GBPUSD pair continues to decline to reach our extended target at 1.2135, and we believe that the way is open to continue the bearish trend and achieve more negative targets that reach 1.2030.
The EMA50 continues to press negatively on the price to support the expectations of continuing the bearish trend on the intraday and short-term basis, noting that breaching 1.2210 will stop the current negative scenario and push the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.2050 support and 1.2200 resistance.
The expected trend for today: Bearish
The EURUSD keeps declining - 27-09-2023
The EURUSD pair shows more bearish bias to gradually approach our waited target at 1.0515, and we expect the continuation of the negative trades to achieve additional negative targets that extend to 1.0440 areas.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, organized inside the bearish channel that appears on the chart, supported by the EMA50 that keeps pressing negatively on the price, noting that holding below 1.0635 represents major condition to achieve the waited targets.
The expected trading range for today is between 1.0470 support and 1.0620 resistance.
The expected trend for today: Bearish
Evening update for Crude oil price 26-09-2023
Crude oil price rallied upwards strongly to breach 89.35 level and reach the most important resistance at 91.10, which urges caution from the upcoming trading, as continuing the rise and surpassing the mentioned resistance will confirm stopping the bearish correction and head to regain the main bullish trend again.
KOHL's extends losses - Analysis - 26-09-2023
KOHL's Corporation's stock (KSS) kept falling in the intraday levels amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, amid the dominance of the main downward trend in the medium term, while the stock is hurt by piercing the upward correctional trend line previously.
Therefore we expect more losses for the stock, targeting the pivotal support of 17.90, provided the resistance of 23.85 holds on.
Expected trend for today: Bearish