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Amazon stalls - Analysis - 16-08-2022
Amazon's stock (AMZN) fell amid attempts to gather positive momentum to climb anew, marking a loss of 0.26%, or 37 cents, and settling at 143.18, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 170.80 as a price target for that pattern, provided the support of 129.00 holds on.
Expected trend for today: Bullish
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Midday update for the NZDUSD 16-08-2022
The NZDUSD pair touched the first negative target at 0.6320 and presses negatively on it, to support the chances of extending the bearish wave to head to target 0.6260 as a next main station, to continue suggesting the bearish trend for the rest of the day as long as 0.6380 remains intact.
MoreMidday update for the AUDUSD 16-08-2022
The AUDUSD pair shows additional negative trades to approach 0.6980 level, and the way seems open to continue the decline to visit the bullish channel’s support line around 0.6950, to keep the bearish trend active for today unless the price rallied to breach 0.7050 and holding above it.
MoreMidday update for Brent oil 16-08-2022
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