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The USDJPY attempts positively – Analysis - 21-09-2022
The USDJPY pair begins to recover, to move away from the main bullish channel’s support line and reach the thresholds of 144.00 barrier, to support the continuation of the expected bullish trend on the intraday and short term basis, which targets 145.00 as a next main station.
The EMA50 keeps carrying the price from below and protects the suggested positive scenario, which will remain valid conditioned by the price stability above 143.00.
The expected trading range for today is between 143.00 support and 144.60 resistance
The expected trend for today: Bullish
The GBPUSD moves towards the first negative target - Analysis - 21-09-2022
The GBPUSD pair bounced downwards clearly yesterday to reach 1.1360 areas, reinforcing the expectations of continuing the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to visit 1.1300 that represents our next main target.
Breaking 1.1360 will ease the mission of achieving the mentioned target, reminding you that the continuation of the bearish wave depends on the price stability below 1.1460.
The expected trading range for today is between 1.1280 support and 1.1450 resistance.
The expected trend for today: Bearish
The EURUSD resumes the decline – Analysis - 21-09-2022
The EURUSD pair couldn’t manage to hold for long time above 1.0020, to trade with clear negativity yesterday and resume the bearish track, on its way to achieve more expected decline in the upcoming period, especially that we are waiting for the FOMC rate decision tonight, which is expected to raise the rate by 0.75%, noting that our next main targets are located at 0.9900 followed by 0.9850.
Therefore, we expect the continuation of the bearish bias on the intraday basis supported by the negative pressure formed by the EMA50, noting that holding below 1.0020 is important to achieve the suggested targets.
The expected trading range for today is between 0.9870 support and 1.0020 resistance.
The expected trend for today: Bearish
ExxonMobil turns early losses into profits - Analysis - 20-09-2022
ExxonMobil's stock (XOM) rose in the intraday levels after leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, while the RSI reached oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 105.50, provided the support of 91.50 holds on.
Expected trend for today: Bullish