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Adobe climbs in negative zone - Analysis - 07-10-2021
Adobe's stock (ADBE) rose 0.64% in the last session while recouping some recent losses and venting off oversold saturation in the RSI, amid positive signals out of them, with the stock settling below the resistance of 576.70, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 420.63 to 673.64), while suffering negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the first support at 547.35, representing the ratio 50% of the same retracement levels.
Expected trend for today: Bearish
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Oracle driven lower by pivotal resistance - Analysis - 23-09-2021
Oracle's stock (ORCL) fell 0.16% in the last session after the pivotal resistance of 91.10 held on , while gathering positive momentum to pierce that resistance, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals out of the RSI.
MoreMidday update for the AUDUSD 07-10-2021
The AUDUSD pair attempted to breach 0.7290 and returns to hold below it, which keeps our bearish overview valid for today, supported by stochastic negativity, waiting to test 0.7245 level initially, reminding you that breaching 0.7290 will stop the suggested negative scenario and lead the price to turn to rise.
MoreMidday update for Brent oil 07-10-2021
Brent oil price managed to break 79.90 strongly and settles below it now, which supports the continuation of our bearish overview efficiently in the upcoming sessions, paving the way to hea towards our next main target at 77.90, noting that holding below 79.90 represents initial condition to continue the expected decline.
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