The USDJPY presses on the support – Analysis - 01-07-2022
The USDJPY pair opens today negatively to press on the bullish channel’s support line that appears on the chart, which hints heading to achieve new bearish correction, targeting testing 134.30 initially.
Therefore, the bearish bias will be expected for today, taking into consideration that the consolidation of the current support against the negative pressure will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 134.50 support and 136.00 resistance
The expected trend for today: Bearish
The GBPUSD gets a negative motive - Analysis - 01-07-2022
The GBPUSD pair returns to decline now, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to provide more negative trades to attack 1.2077 and open the way to head towards our extended target at 1.1933.
Therefore, the bearish trend scenario will remain valid and active unless breaching 1.2225 and hold above it.
The expected trading range for today is between 1.2050 support and 1.2200 resistance.
The expected trend for today: Bearish
The EURUSD achieves intraday gains – Analysis - 01-07-2022
The EURUSD pair provided negative trades yesterday to press on 1.0400 barrier, but it bounced upwards strongly to test 1.0485 level, noticing that the price begins today negatively, affected by stochastic negativity, which supports the continuation of the expected bearish trend scenario on the intraday basis, which its next main target located at 1.0355.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.0550 and hold above it.
The expected trading range for today is between 1.0370 support and 1.0510 resistance.
The expected trend for today: Bearish
Nio driven lower by pivotal resistance - Analysis - 30-06-2022
Nio's stock declined in the intraday levels after the pivotal resistance of 23.94, while trading alongside the main downward short-term trend line, with negative signals from the RSI after reaching overbought levels, with positive support from the 50-day SMA, marking a final loss of 2.24%, or 50 cents, and settling at 21.86, with trading volumes surpassing 71.5 million shares, below 10-day averages of 80.6 million shares.
The decline came after a report accused the company of overreporting its financial results, which Nio denied.
Therefore we expect more losses for the stock, targeting the support of 17.77, provided the pivotal resistance of 23.94 holds on.
Expected trend for today: Bearish