The GBPUSD resumes the rise - Analysis - 23-05-2022
The GBPUSD pair trades with clear positivity to approach our waited target at 1.2590, getting continuous positive support by the EMA50, which reinforces the chances of surpassing the mentioned level and open the way to rally towards achieving more gains that reach 1.2725.
Therefore, the bullish trend will remain valid and suggested for the upcoming period unless breaking 1.2420 and holding below it.
The expected trading range for today is between 1.2480 support and 1.2640 resistance.
The expected trend for today: Bullish
The EURUSD begins positively – Analysis - 23-05-2022
The EURUSD pair opens today positively to move away from 1.0550, reinforcing the expectations of continuing the bullish trend, motivated by stochastic positivity that appears clearly now, and we believe that the way is open to achieve our waited target at 1.0670.
Note that breaching the mentioned level will lead the price to achieve more bullish correction that its next target reaches 1.0770, while the expected rise will remain valid unless breaking 1.0550 and holding below it.
The expected trading range for today is between 1.0520 support and 1.0680 resistance.
The expected trend for today: Bullish
Harley Davidson breaches current support - Analysis - 20-05-2022
Harley Davidson's stock (HOG) skidded in the intraday levels after suspending production and shipments operations, except LiveWire for motorcycles, due to supplies disruption for two weeks.
CEO Jina Goiter warned that a microchip shortage and supply disruptions are impacting the company's production quotas.
The downward trend dominates the stock's short term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, piercing the important support of 32.87, with a loss of 9.29% in the last session, or 3.32 points, settling at 32.43, with trading volumes surpassing 5.4 million shares, above 10-day averages of 2.2 million shares.
Therefore we expect more losses for the stock, targeting the first support at 29.42, provided the support of 32.87 was breached.
Expected trend for today: Bearish
Tesla suffers from negative pressures - Analysis - 20-05-2022
Tesla's stock (TSLA) fell 0.05% in the last session, or 39 cents, settling at 709.42, at August 2021 lows, with trading volumes surpassing 30 million shares, matching 10-day averages, as Shanghai continues to face a lockdown that impacted the company's production in April, while resuming operations has been patchy in May.
The downward correctional short-term trend still dominates, with the stock piercing the upward trend line previously, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 547, provided the resistance of 793 holds on.
Expected trend for today: Bearish