The GBPUSD resumes the rise - Analysis - 20-01-2023
The GBPUSD pair resumes its positive trading to approach 1.2440 level, and continues to move inside the bullish channel that supports the chances of breaching the mentioned level to open the way to head towards 1.2590 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that it is important to hold above 1.2295 to continue the expected rise.
The expected trading range for today is between 1.2310 support and 1.2480 resistance.
The expected trend for today: Bullish
The EURUSD attempts positively – Analysis - 20-01-2023
The EURUSD pair crawls upwards to move away from the EMA50, reinforcing the expectations of continuing the bullish trend in the upcoming period, which targets 1.0915 level as a next main station.
The price might witness some temporary sideways fluctuation affected by stochastic negativity before resuming the expected rise, taking into consideration that holding above 1.0745 is important to achieve the positive targets.
The expected trading range for today is between 1.0760 support and 1.0930 resistance.
The expected trend for today: Bullish
Evening update for Crude oil price 19-01-2023
Crude oil price rallied upwards strongly to breach 78.90 level and achieve clear gains, approaching 81.60 level, noting that continuing the rise and breaching this level will lead the price to achieve more gains and head towards 83.00, while the bullish bias will remain valid unless breaking 78.90 and holding below it again.
United Airlines driven lower by pivotal resistance - Analysis - 19-01-2023
United Airlines' stock (UAL) fell in a volatile session even as the company reported a forecast-beating quarterly profit, managing to weather through the winter season, and expecting positive results for the current quarter and the whole of 2023, with the stock tumbling 4.57% in the last session, or 2.34 points, settling at 48.86, with trading volumes surpassing 31.6 million shares, above 10-day averages of 15 million shares.
Technically, the stock was driven lower by the pivotal resistance of 53.12 on profit-taking, while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals out of them, countered with positive support from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 46.00, provided the resistance of 53.12 holds on.
Expected trend for today: Bearish