The USDJPY tests the channel’s support – Analysis - 26-04-2022
The USDJPY pair faced negative pressure yesterday to test the main bullish channel’s support line that appears on the chart, noticing that stochastic provides clear positive signals now, waiting to motivate the price to resume the bullish wave that its next target reaches 130.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 127.70 and holding below it.
The expected trading range for today is between 127.50 support and 128.80 resistance
The expected trend for today: Bullish
The GBPUSD hits the extended target - Analysis - 26-04-2022
The GBPUSD pair managed to touch our waited target at 1.2700 and attempts to break it, to support the continuation of the bearish bias in the upcoming sessions, noting that our next target is located at 1.2620.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless breaching 1.2825 and holding above it.
The expected trading range for today is between 1.2650 support and 1.2790 resistance.
The expected trend for today: Bearish
The EURUSD touches the target – Analysis - 26-04-2022
The EURUSD pair settles at 1.0700 level, falling under continuous negative pressure coming by the EMA50, to support the continuation of the decline within the bearish channel that appears on the chart, noting that our next station reaches 1.0650.
Therefore, the bearish trend scenario will remain dominant on the intraday basis, noting that breaching 1.0775 might push the price to test 1.0890 areas before any new attempt to decline
The expected trading range for today is between 1.0630 support and 1.0775 resistance.
The expected trend for today: Bearish
American Express exposed to negative pressure - Analysis - 25-04-2022
American Express (AXP) declined 2.8% in the last session, piercing the support of the 50-day SMA,. with negative signals from the RSI after reaching overbought levels, settling at 180.54, with trading volumes averaging 4.3 million shares.
The stock's decline comes even as profits surpass expectations amid improving travel conditions and spending trends, however highest interest rates continue to weigh on financial stocks.
Therefore we expect more losses for the stock, targeting the support of 173.90, provided the resistance of 189.00 holds on.
Expected trend for today: Bearish