The USDJPY approaches the recent high – Analysis - 14-09-2023
The USDJPY pair continued to rise yesterday to approach the recently recorded high at 147.86, noticing that the price was affected by stochastic negativity to show some bearish bias, approaching the bullish channel’s support line, noticing that the indicator gets rid of its negative momentum clearly to approach the oversold areas, which supports the chances of bouncing bullishly and resume the bullish trend again.
Therefore, the bullish trend scenario will remain valid and active unless breaking 146.35 level, reminding you that our next main target reaches 149.00.
The expected trading range for today is between 146.50 support and 148.00 resistance
The expected trend for today: Bullish
The GBPUSD consolidates below the resistance - Analysis - 14-09-2023
The GBPUSD pair approached 1.2400 barrier and bounced bullishly to settle around 1.2505 again, keeping its consolidation below it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the bearish trend that targets 1.2400 followed by 1.2310 level as next main stations.
Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis, noting that breaching 1.2505 will push the price to recover and achieve gains that reach 1.2625 before any new attempt to decline.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish
The EURUSD awaits more decline - 14-09-2023
The EURUSD pair fluctuates near the bearish channel’s resistance, falling under continuous negative pressure coming by the EMA50, while stochastic provides negative signals on the intraday time frames.
Therefore, our bearish overview will remain valid, waiting to resume the negative trading that its next main target located at 1.0635, taking into consideration that breaching 1.0785 will stop the suggested bearish wave and lead the price to turn to rise.
The expected trading range for today is between 1.0650 support and 1.0800 resistance.
The expected trend for today: Bearish
Invesco gathers positive momentum - Analysis - 13-09-2023
Invesco QQQ Trust's stock (QQQ) fell in the intraday levels amid negative signals from the RSI after reaching overbought levels, while venting off overbought saturation and gathering positive momentum to rise anew, as it also leaned on the support of the 50-day SMA, amid the dominance of the main upward trend in the short term.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 387.98, provided the support of 357.60 holds on.
Expected trend for today: Likely Bullish