The USDJPY retests the neckline – Analysis - 27-07-2022
The USDJPY pair shows bullish bias to retest the broken neckline of the double top pattern at 137.30, accompanied by stochastic loss to the positive momentum, while the EMA50 meets the mentioned level to add more strength to this resistance.
Therefore, these factors encourage us to continue suggesting the domination of the correctional bearish trend for the upcoming sessions, and the targets begin by surpassing 136.40 to open the way to head towards 135.25 followed by 134.55, reminding you that it is important to hold below 137.30 to achieve these targets.
The expected trading range for today is between 136.10 support and 137.50 resistance
The expected trend for today: Bearish
The GBPUSD gets a positive motive - Analysis - 27-07-2022
The GBPUSD pair provided temporary negative trades yesterday to test the EMA50 that forms good support against the price, and begins to rise now, motivated by stochastic positivity, waiting to breach 1.2070 level to confirm rallying towards 1.2160 that represents our next target.
Therefore, the bullish trend scenario will remain active unless breaking 1.1980 and holding below it.
The expected trading range for today is between 1.1980 support and 1.2150 resistance.
The expected trend for today: Bullish
The EURUSD under the negative pressure – Analysis - 27-07-2022
The EURUSD pair faced strong negative pressure yesterday to break 1.0200 and reach 1.0100, to hint potential return to the main bearish track, but it faces contradiction between the technical factors that makes us prefer to stay aside until the price confirms breaching one of the mentioned levels and detect the next destination clearly.
Note that breaking 1.0100 will press on the price to continue the decline and achieve additional negative targets that reach 0.9950, while breaching 1.0200 resistance will motivate the price to provide new recovery attempts that start by visiting 1.0280 and extend to 1.0355 after breaching the previous level.
The expected trading range for today is between 1.0060 support and 1.0230 resistance.
The expected trend for today: Neutral
ExxonMobil climbs amid negative pressures - Analysis - 26-07-2022
ExxonMobil's stock (XOM) rose in the intraday levels, marking a profit of 3.33%, or 2.90 points, and settling at 89.98, amid the dominance of the downward correctional short-term wave, with negative signals from the RSI, after reaching overbought levels, and with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 83.00, provided the resistance if 91.50 holds on.
Expected trend for today: Bearish