The GBPUSD pair bounced downwards strongly after approaching our waited target at 1.3955, to reach the thresholds of the bullish channel’s support line that appears on the chart, accompanied by stochastic entering the oversold areas, waiting to motivate the price to rebound bullishly and resume the bullish wave again.
Therefore, the bullish trend will be suggested for the upcoming period unless breaking 1.3770 and holding below it, noting that our targets begin by surpassing 1.3890 to ease the mission of heading towards 1.3965.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Overall Bullish
The EURUSD pair attempted to breach the bearish channel’s resistance but it returned to settle below it, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to press on 1.1780 to break it and open the way to head towards 1.1700 as a next target.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1.1825.
The expected trading range for today is between 1.1730 support and 1.1870 resistance.
The expected trend for today: Bearish
Morgan Stanley's stock (MS) rose 0.75% in the last session, settling at 104.40 while trying to pierce the pivotal resistance of 104.65, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of 110.00, provided the resistance of 104.65 was breached.
Expected trend for today: Bullish
Nike's stock (NKE) fell 2.49% in the last session amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave in the short term, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the support of 150.25, provided the resistance of 162.60 holds on.
Expected trend for today: Bearish