The GBPUSD resumes the rise - Analysis - 30-05-2022
The GBPUSD pair resumes its positive trading to move away from 1.2590 level, reinforcing the expectations of continuing the bullish trend, organized inside the bullish channel that has positive targets that surpass 1.2725 to reach 1.2860.
The EMA50 continues to support the suggested bullish wave, noting that breaking 1.2590 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2590 support and 1.2740 resistance.
The expected trend for today: Bullish
The EURUSD gets new positive signals – Analysis - 30-05-2022
The EURUSD pair begins to provide new positive trades now, motivated by the positive overlapping signal provided by stochastic now, waiting to surpass 1.0770 to open the way to head towards our next target that reaches 1.0865.
Therefore, we will continue to suggest the bullish trend that gets continuous support by the EMA50 unless breaking 1.0670 and holding below it.
The expected trading range for today is between 1.0680 support and 1.0840 resistance.
The expected trend for today: Bullish
Twitter tries to vent off oversold saturation - Analysis - 27-05-2022
Twitter's stock (TWTR) surged in the last session amid positive signals from the RSI after reaching oversold levels, while trying to recover recent losses, as it vents off oversold saturation in the RSI, marking a profit of 6.35% in the last session, or 2.36 points, and settling at 39.52, with trading volumes nearing 23 million shares, below 10-day averages of 36 million shares.
The stock touched the resistance of the 50-day SMA, amid the dominance of the main downward short-term trend.
The gains came after billionaire Elon Musk said he's not planning to finance part of the acquisition with a marginal loan, and promised to add $6.25 billion in direct financing.
Therefore we expect the stock to return lower, targeting the pivotal support of 31.30, provided the resistance of 40.96 holds on.
Expected trend for today: Bearish
Alibaba ends cautiously higher - Analysis - 27-05-2022
Alibaba's stock (BABA) surged 14.79% in the last session, settling at a four-week high at 94.48, with trading volumes surpassing 50.8 million shares, above 10-day averages of 23 million shares, after reporting forecast-beating first quarter profits, lessening fears about the impact of Covid 19 restrictions in China.
The stock is climbing alongside the main downward medium-term trend line, with negative pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return lower, targeting the pivotal support of 73.28, provided the resistance of 108.70 holds on.
Expected trend for today: Bearish