The GBPUSD resumes the rise - Analysis - 17-03-2023
The GBPUSD pair returns to rise after leaning on the EMA50 in the previous sessions, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to breach 1.2145 to confirm opening the way to head towards our first target at 1.2260.
Therefore, the bullish trend will remain dominant on the intraday basis, and breaching the targeted level will push the price to 1.2440 as a next positive station, noting that breaking 1.2060 will put the price under intraday negative pressure that targets testing 1.1940 areas before any new positive attempt.
The expected trading range for today is between 1.2060 support and 1.2230 resistance.
The expected trend for today: Bullish
The EURUSD achieves the first target - 17-03-2023
The EURUSD pair shows new positive trades now, to attempt to surpass 1.0640 level, which represents the key to head towards our next target at 1.0745.
Therefore, we will continue to suggest the bullish trend for the upcoming period, waiting to get positive motive that assists to push the price to achieve more expected rise.
On the other hand, we should note that failing to breach 1.0640 might press on the price to rebound bearishly to head towards testing the most important support at 1.0515 before any new attempt to rise.
The expected trading range for today is between 1.0560 support and 1.0730 resistance.
The expected trend for today: Bullish
Costco tries to shake off negative pressure - Analysis - 16-03-2023
Costco Wholesale Corporation's stock (COST) kept rising in the intraday levels, marking a fresh profit of 0.78% in the last session, or 3.74 points, and settling at 485.66, amid positive signals from the RSI, and amid the dominance of the upward trend in the medium term, while shaking off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 530.00, provided the support of 466.80 holds on.
Expected trend for today: Bullish
Eli Lilley rises amid negative signals - Analysis - 16-03-2023
Eli Lilly and Company's stock (LLY) rose in the intraday levels, while recouping some losses while hurt by piercing the main upward trend line previously, amid the dominance of the downward correctional short-term wave, with negative signals from the RSI, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 299.75, provided the resistance of 340.75 holds on.
Expected trend for today: Bearish