The USDCAD pair begins to provide positive trades to move away from the bullish channel’s support line, which supports the continuation of the expected bullish trend scenario for the upcoming period, which its first target located at 1.2950.
Therefore, our bullish overview will remain active on the intraday and short term basis, noting that holding above 1.2780 represents key condition to continue the expected rise.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bullish
The EURUSD pair provided negative trades yesterday to test the key support line that rises now to 1.1300, and we still waiting to get confirmation signal for the next trend through breaking the mentioned support or breaching 1.1375 resistance, to keep our neutrality valid until now.
To review the expected targets after the breach, please check our previous report.
The expected trading range for today is between 1.1230 support and 1.1380 resistance.
The expected trend for today: Depends on the above mentioned levels
Ford Motor Company's stock (F) spiked 2.72% in the last session, with positive signals from the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, settling thereafter at 20.80.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 21.45.
Expected trend for today: Bullish
Disney's stock (DIS) returned lower with a 0.54% loss, settling at 152.80, amid negative pressure from the 50-day SMA, with the dominance of the downward correctional short-term trend, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the support at 142.00, provided the resistance of 157.40 holds on.
Expected trend for today: Bearish