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The USDJPY tests the support base – Analysis - 09-08-2022

Economies.com
2022-08-09 04:21AM UTC

The USDJPY pair tests 134.50 level and keeps its stability above it, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish wave for the upcoming period, which its next target located at 136.40.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 134.50 and holding below it.

The expected trading range for today is between 134.30 support and 135.75 resistance

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The expected trend for today: Bullish

The GBPUSD faces solid resistance - Analysis - 09-08-2022

Economies.com
2022-08-09 04:21AM UTC

The GBPUSD pair finds difficulty to surpass the EMA50, to fluctuate around 1.2077 now, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the positive trades to surpass the EMA50 and ease the mission of rallying towards our first positive target at 1.2210.

 

Therefore, we will keep our bullish overview unless breaking 1.2045 and holding below it.

 

The expected trading range for today is between 1.2020 support and 1.2170 resistance.

 

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The expected trend for today: Bullish

The EURUSD awaits more rise – Analysis - 09-08-2022

Economies.com
2022-08-09 04:21AM UTC

The EURUSD pair continues to fluctuate around 1.0200 level, moving within the bullish channel that supports the chances of continuing the expected bullish wave for the upcoming period, to continue suggesting the bullish trend for the upcoming period, waiting to test 1.0278 initially, reminding you that breaching this level will push the price to 1.0355 followed by 1.0450 levels as next main stations.

 

In general, the bullish trend scenario will remain active unless breaking 1.0100 and holding below it.

 

The expected trading range for today is between 1.0120 support and 1.0280 resistance.

 

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The expected trend for today: Bullish

CloudFlare rallies - Analysis - 08-08-2022

Economies.com
2022-08-08 12:33PM UTC

CloudFlare's sock (NET) surged in the intraday levels after raising full-year forecasts for earnings from $959 to $972 million, beating market estimates of $958.4 million, with the stock surging 27.06%, or 15.81 points, settling at 74.24, with trading volumes surpassing 22.6 million shares, above 10-day averages of 6.4 million shares.

 

The stock is buoyed by piercing the main downward trend line previously, with support from trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels, tackling the resistance of 76.60.

 

Therefore we expect more gains for the stock, targeting the resistance of 95.77, provided the resistance of 76.60 was breached. 

 

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Expected trend for today: Bullish

Frequently asked questions

What is the price of USD/JPY today?

The price of USD/JPY is $143.82 (2025-07-03 04:05AM UTC)