|
The GBPUSD within sideways track - Analysis - 21-08-2023
The GBPUSD pair shows sideways trades and hovers around the EMA50, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the negative trades to break 1.2725 and open the way to head towards our first target at 1.2625.
Therefore, the bearish trend scenario will remain active, and the price needs to hold below 1.2825 to continue the expected decline, as breaching this level will lead the price to stop the current bearish correction and attempt to regain the main bullish trend again.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bearish
The EURUSD loses momentum - 21-08-2023
The EURUSD pair fluctuates around 1.0880 level, and attempts to consolidate below it, noticing that stochastic loses its positive momentum to approach the overbought areas, while the EMA50 continues to press negatively on the price.
MoreInvesco exhausts positive chances - Analysis - 18-08-2023
Invesco QQQ Trust's stock (QQQ) kept falling in the intraday levels with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels, while leaning on the main upward trend line in the short term, giving the stock the final chances of recovery.
MoreVictoria Secret tries to vent off overbought saturation - Analysis - 18-08-2023
Victoria Secret & Co's stock (VSCO) fell in the intraday levels, after the resistance of 21.30 held on, while trying to gather positive momentum to pierce that resistance, as it also vented off overbought saturation in the RSI, while the stock is buoyed by piercing the downward trend line previously, with positive support from the 50-day SMA.
More