The USDJPY is forced for some temporary decline – Analysis - 02-05-2022
The USDJPY pair faced negative pressure in the previous sessions to test the key support 129.40, and begins to rise again by today’s open, to keep the main bullish trend valid on the intraday and short term basis, waiting to head towards 132.00 that represents our next main target.
Stochastic and the EMA50 support the suggested bullish wave, which will remain valid unless breaking 129.10 and holding below it.
The expected trading range for today is between 129.70 support and 131.00 resistance
The expected trend for today: Bullish
The GBPUSD attempts to recover - Analysis - 02-05-2022
The GBPUSD pair settled above 1.2565 level, to head towards achieving expected intraday bullish correction in the upcoming sessions, targeting 1.2670 level initially, noting that breaching this level will extend the bullish wave to reach 1.2750 as a next positive target.
We should note that breaking 1.2570 followed by 1.2540 levels will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 1.2520 support and 1.2670 resistance.
The expected trend for today: Bullish
The EURUSD shows some bullish correction – Analysis - 02-05-2022
The EURUSD pair’s rise stopped at 1.0580 level, to start providing new negative trades, to keep the main bullish trend active for the upcoming period, which targets 1.0450 as a next main station.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.0580.
The expected trading range for today is between 1.0450 support and 1.0600 resistance.
The expected trend for today: Bearish
Facebook buoyed by pivotal support - Analysis - 29-04-2022
Facebook's stock (FB) surged 17.59% in the last session after the pivotal support of 186.67, after the pivotal support of 186.67 held on, while the RSI reached oversold levels, settling at 205.73, with trading volumes surpassing 100 million shares.
The stock as boosted after reporting profits of $2.72 per share in the first quarter, beating estimates of $2.56, on sales of $27.91 billion.
The stock is thus attempting to shake off negative pressure from the 50-day SMA, paving the way for more gains.
Therefore we expect the stock to rise and target the first resistance at 248.00.
Expected trend for today: Bullish