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Amazon amid positive outlook - Analysis - 22-01-2024

Economies.com
2024-01-22 11:00AM UTC

Amazon's stock (AMZN) rose in the intraday levels amid the dominance of the main upward trend in the medium-term, while trading alongside the secondary short-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.

 

Therefore we expect more gains for the stock, targeting the first resistance of 162.85, provided it settles above 153.50. 

 

Expected trend for today: Bearish 

Midday update for the NZDUSD 22-01-2024

Economies.com
2024-01-22 09:55AM UTC

The NZDUSD pair shows more bearish bias to test 0.6100 barrier, waiting for additional negative trades to visit 0.6070 as a first main target, reminding you that the continuation of the bearish wave depends on the price stability below 0.6140.

 

The expected trading range for today is between 0.6060 support and 0.6160 resistance

 

The expected trend for today: Bearish

Midday update for the AUDUSD 22-01-2024

Economies.com
2024-01-22 09:54AM UTC

The AUDUSD pair fluctuates with slight negativity to approach 0.6570 level, and as long as the price is above this level, the bullish trend scenario will remain active for today, waiting to gather enough positive momentum to push the price to resume the positive trades that target testing 0.6640 level as a first station.

 

The expected trading range for today is between 0.6550 support and 0.6650 resistance

 

The expected trend for today: Bullish

Midday update for Brent oil 22-01-2024

Economies.com
2024-01-23 04:05AM UTC

Brent oil price shows more bearish bias to approach the key support 77.44, which represents the first protection factor to the expected bullish trend for the upcoming period, as the price needs to hold above this level and above 76.90 to guarantee the continuation of the positive scenario in the upcoming sessions, reminding you that the next main target reaches 81.00.

 

On the other hand, we should note that breaking the mentioned support levels will put the price under negative pressure to head towards testing 75.20 areas initially.

 

The expected trading range for today is between 77.40 support and 80.30 resistance.

 

The expected trend for today: Bullish