The USDJPY within tight track – Analysis - 19-07-2022
The USDJPY pair fluctuates within tight track since yesterday, settling around 138.00 level now, while the EMA50 meets the bullish channel’s support line to protect trading inside it, to keep the bullish trend scenario active for the upcoming period, motivated by stochastic positivity, waiting to resume the bullish bias that targets 139.70 – 140.00 levels mainly, while holding above 137.50 represents key condition to achieve these targets.
The expected trading range for today is between 137.50 support and 139.00 resistance
The expected trend for today: Bullish
The GBPUSD touches the resistance - Analysis - 19-07-2022
The GBPUSD pair succeeded to achieve our waited target at 1.2025 and found solid resistance there, and according to the trading rules inside the channels, the price begins to rebound bearishly and build new bearish wave, on its way to visit 1.1870 followed by 1.1760 levels as next negative stations.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1.2010 and hold above it.
The expected trading range for today is between 1.1850 support and 1.2010 resistance.
The expected trend for today: Bearish
The EURUSD hits the first target – Analysis - 19-07-2022
The EURUSD pair touched our first waited target at 1.0200 and bounced bearishly from there, to hint stopping the correctional bullish wave and head to resume the main bearish trend again, on its way to visit the recently recorded low at 0.9950 as a first main station.
Therefore, the bearish bias will be suggested for today, noting that breaching 1.0200 will lead the price to achieve additional bullish correction that its next targets reach 1.0280 followed by 1.0355.
The expected trading range for today is between 1.0050 support and 1.0200 resistance.
The expected trend for today: Bearish
City Group shakes off negative pressures - Analysis - 18-07-2022
City Group's stock (C) surged in the intraday levels after reporting strong results for the second quarter, marking a profit of $2.19 per share, and an 11% increase in earnings to $19.64 billion, with the stock surging 13.23%, or 5.84 points, settling at 49.98, with trading volumes surpassing 86.5 million shares, above 10-day averages of 24.3 million.
The stock managed to pierce the downward short-term trend line, lending it positive momentum that helped it trespass the resistance of the 50-day SMA, despite negative signals from the RSI, while finding support from the pivotal support of 45.40.
Therefore we expect more gains for the stock, provided it settles above 49.20, targeting the first resistance at 54.00.
Expected trend for today: Bullish