The USDJPY suffers strong losses – Analysis - 13-01-2023
The USDJPY pair declined sharply yesterday to surpass our waited targets and reach the critical support line to the short term and medium term trades at 128.90, trading within main bearish channel that supports the chances of breaking this level to open the way to continue the decline and achieve additional negative targets that reach 126.95.
Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, taking into consideration that failing to break 128.90 will lead the price to start recovery attempts and head towards 130.80 initially.
The expected trading range for today is between 128.00 support and 129.90 resistance
The expected trend for today: Bearish
The GBPUSD hits the first target - Analysis - 13-01-2023
The GBPUSD pair succeeded to achieve our first waited target at 1.2230 and settles near it, waiting to get positive motive that assists to push the price to continue the rise and head towards our next positive station that reaches 1.2440.
Therefore, the bullish trend scenario will remain active, noting that breaking 1.2120 will stop the expected rise and press on the price to test 1.1940 areas before any new attempt to rise.
The expected trading range for today is between 1.2100 support and 1.2290 resistance.
The expected trend for today: Bullish
The EURUSD resumes the rise – Analysis - 13-01-2023
The EURUSD pair rallied upwards strongly yesterday to reach 1.0850 areas, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 1.0915.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.0745 and holding below it.
The expected trading range for today is between 1.0770 support and 1.0940 resistance.
The expected trend for today: Bullish
Autodesk touches SMA resistance - Analysis - 12-01-2023
Autodesk's stock (ADSK) rose in the intraday levels, touching the resistance of the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements, amid the dominance of the main downward trend in the medium term.
Therefore we expect the stock to return lower, targeting the first support at 181.67, provided the resistance of 200.00 holds on.
Expected trend for today: Bearish