The USDJPY keeps its positive stability – Analysis - 10-06-2022
The USDJPY pair faced temporary negative pressure yesterday but it rose again to settle above 134.00 barrier, to keep the bullish trend scenario active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to visit 135.00 followed by 135.50 levels as next main stations.
The EMA50 provides continuous positive support to the expected positive scenario, which will remain valid conditioned by the price stability above 133.60.
The expected trading range for today is between 133.60 support and 134.80 resistance
The expected trend for today: Bullish
The GBPUSD crawls downwards - Analysis - 10-06-2022
The GBPUSD pair shows calm negative trades to fluctuate around 1.2490, waiting for more decline to achieve our main expected target at 1.2425, reminding you that breaking this level will extend the bearish wave to reach 1.2300 as a next station.
In general, the bearish trend scenario will remain active conditioned by the price stability below 1.2590.
The expected trading range for today is between 1.2400 support and 1.2560 resistance.
The expected trend for today: Bearish
The EURUSD breaks the support – Analysis - 10-06-2022
The EURUSD pair managed to break 1.0670 level and close the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, paving the way to achieve our extended negative targets that start at 1.0600 followed by 1.0550.
The EMA50 forms negative pressure to support the expected decline, which will remain valid unless breaching 1.0670 and holding above it.
The expected trading range for today is between 1.0540 support and 1.0690 resistance.
The expected trend for today: Bearish
Intel prepares to pierce pivotal support - Analysis - 09-06-2022
Intel's stock (INTC) skidded in the intraday levels amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, with negative signals from the RSI after forming negative divergence, marking a loss of 5.28%, or 2.3 points, and settling at 41.23, making it one of the worst performers on the NASDAQ.
The losses came after Citi downgraded the stock once more, while expecting Intel to miss forecasts for second quarter.
Therefore we expect more losses for the stock, targeting the support of 38.31, provided the support of 40.31 was breached.
Intel Corporation was founded over 50 years ago and manufactures chips since 1971, and manufactured the x86 processor, highly applicable in PCs and servers.
Expected trend for today: Bearish