The GBPUSD tests the channel’s support - Analysis - 28-06-2022
The GBPUSD pair returns to fluctuate around the EMA50, testing the bullish channel’s support line that appears on the chart, while stochastic attempts to gain the positive momentum again.
Therefore, the bullish trend scenario will remain valid conditioned by the price stability above 1.2205, reminding you that our next main target extends to 1.2490.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
The EURUSD achieves gains – Analysis - 28-06-2022
The EURUSD pair tested 1.0600 barrier, showing some slight bearish bias affected by stochastic negativity, while the EMA50 continues to provide the positive support to the price.
Therefore, we believe that the chances valid to resume the bullish wave that targets 1.0670 mainly, organized inside the bullish channel that appears on the chart, reminding you that holding above 1.0570 is important to continue the expected rise.
The expected trading range for today is between 1.0520 support and 1.0670 resistance.
The expected trend for today: Bullish
Fedex spikes - Analysis - 27-06-2022
Fedex' stock (FDX) spiked after reporting its fourth quarter profits, matching estimates, with the stock surging 6.62%, or 15.11 points, and settling at 243.24, with trading volumes surpassing 8.3 million shares, above 10-day averages of 4.7 million shares.
The stock is buoyed by piercing the downward short-term trend line, buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the important resistance of 266.80, provided the support of 219.36 holds on.
Expected trend for today: Bullish
Blackberry touches SMA resistance - Analysis - 27-06-2022
Blackberry's stock (BB) spiked in the intraday levels with positive signals from the RSI after reaching oversold levels, marking a profit of 7.08% in the last session, or 38 cents, and settling at 5.75 points, with trading volumes surpassing 14.5 million shares, above 10-day averages of 9 million shares, touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium and short terms.
The gains came after the company reported a loss of 5 cents, below estimates of 6 cents per share in the first quarter.
We expect the stock to return lower and targeting the pivotal support of 4.70, provided the resistance of 6.77 holds on.
Expected trend for today: Bearish