The GBPUSD tests the resistance - Analysis - 03-06-2022
The GBPUSD pair provided clear positive trades yesterday to test the key resistance 1.2590, as it consolidates below this level, accompanied by witnessing clear negative signals through stochastic, thus, we believe that the chances valid to resume the bearish wave, which targets 1.2490 followed by 1.2425 levels as next main stations.
On the other hand, we should note that breaching 1.2590 and holding above it will stop the expected decline and lead the price to resume the short term bullish wave.
The expected trading range for today is between 1.2470 support and 1.2650 resistance.
The expected trend for today: Bearish
The EURUSD achieves intraday gains – Analysis - 03-06-2022
The EURUSD pair rallied upwards yesterday to reach 1.0770 level, and begins to provide bearish rebound signals now, as stochastic shows clear overbought now, which forms negative motive that we expect to press on the price to decline in the upcoming sessions.
Therefore, the bearish bias will be suggested for today unless breaching 1.0770 and holding above it, noting that our first target is located at 1.0670.
The expected trading range for today is between 1.0660 support and 1.0820 resistance.
The expected trend for today: Bearish
Capri Holdings boosted by positive technical pattern - Analysis - 02-06-2022
Capri Holdings' stock (CPRI) kept rising in the intraday levels after reporting a profit of $1.02, passing estimates of 83 cents, on sales of $1.49 billion, beating estimates of $1.41 billion, while announcing a buy-back plan of $1 billion, with the stock marking a profit of 1.09%, or 53 cents, settling at 49.27, with trading volumes surpassing 5 million shares, above 10-day averages of 3 million shares.
Technically, the stock is exiting a positive pattern that formed in the short term, shaking off negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to rise and target the important resistance of 57.98, provided the support of 45.50 holds on.
https://bit.ly/PacificAccount
Expected trend for today: Bullish
Victoria's Secret rises in volatile session - Analysis - 02-06-2022
Victoria's Secret's stock (VSCO) rose in the intraday levels amid positive signals from the RSI after reaching oversold levels, ending a volatile session with a profit of 8.93%, or 3.68 points, and settling at 44.89, with trading volumes surpassing 5 million shares, above 10-day averages of 2.5 million shares, amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA.
The company reported a profit of $1.11 per share, passing estimates of 84 cents on sales of $1.48 billion.
Therefore we expect the stock to return lower, targeting the pivotal support of 40.06, provided the resistance of 48.12 holds on.
Expected trend for today: Bearish