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The GBPUSD tests the support - Analysis - 24-01-2024
The GBPUSD pair faced negative pressure yesterday to test the key support 1.2650, noticing that the price consolidated above this level and bounced bullishly from there, to start attempts to build bullish wave on the intraday basis, waiting to visit 1.2780 followed by 1.2825 levels as next main targets.
Stochastic overlaps positively to support the expectations to rise in the upcoming sessions, noting that breaking 1.2650 will push the price to turn to decline and achieve additional bearish correction that its next target reaches 1.2540 areas.
The expected trading range for today is between 1.2630 support and 1.2780 resistance.
The expected trend for today: Bullish
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The EURUSD confirms the break - 24-01-2024
The EURUSD pair ended yesterday below 1.0860 level, to confirm reactivating the negative effect of the head and shoulders’ pattern that appears on the chart, on its way to achieve negative targets that start at 1.0765 and extend to 1.0645 after breaking the previous level.
MoreEvening update analysis for the EURUSD 23-01-20240
The EURUSD pair broke 1.0860 level strongly and closed the last four hours’ candlestick below it, to stop the recently suggested positive scenario and head towards achieving negative targets that reach 1.0765 on the near-term basis, making the bearish bias suggested in the upcoming sessions unless breaching 1.0860 followed by 1.0890 levels and holding above them.
MoreMarvel Technologies collects profits - Analysis - 23-01-2024
Marvel Technologies' stock (MRVL) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, while trading alongside the short-term secondary trend line, with positive pressure from the 50-day SMA.
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