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American Airlines gathers positive momentum - Analysis - 12-02-2024

Economies.com
2024-02-12 14:46PM UTC

American Airlines Group’s stock dipped in the intraday levels, amid negative signals from the RSI, while gathering positive momentum to rise anew, with the dominance of the upward correctional trend in the short term, coupled with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the important resistance of 15.85, provided the support of 14.20 holds on.

 

Expected trend for today: Likely Bullish

 

Goldman Sachs gathers positive momentum - Analysis - 02-12-2024

Economies.com
2024-02-12 14:47PM UTC

Goldman Sachs’ stock (GS) fell in the intraday levels, while gathering positive momentum as it trades in a sideways range, amid the dominance of the upward trend as the stock trades above the 50-day SMA, readying to tackle the pivotal resistance of 389.45, with positive signals from the RSI.

 

Therefore we expect the stock to rise and target the resistance of 416.00, provided the pivotal resistance of 389.45 was reliably pierced. 

 

Expected trend for today: Likely Bullish

Midday update for the NZDUSD 12-02-2024

Economies.com
2024-02-12 10:28AM UTC

The NZDUSD pair is facing additional negative pressure to settle below 0.6140 level and hints heading to turn to decline for the rest of the day, and we prefer to stay aside until the price confirms its situation according to this level, as confirming the break will push the price to decline towards 0.6070 as a first negative station, while it needs to step above it will revive the bullish trend scenario that its next target located at 0.6228.

 

The expected trading range for today is between 0.6090 support and 0.6190 resistance

 

The expected trend for today: Neutral

Midday update for the AUDUSD 12-02-2024

Economies.com
2024-02-12 10:27AM UTC

The tight range dominates the AUDUSD pair ‘s trades since morning, thus, no change to the expected bullish trend scenario for today, which depends on the price stability above 0.6500, while its next main target located at 0.6570.

 

The expected trading range for today is between 0.6480 support and 0.6580 resistance

 

The expected trend for today: Bullish