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Bank of America driven lower by current resistance - Analysis - 07-04-2021

Economies.com
2021-04-07 12:13PM UTC

Bank of America's stock (BAC) fell in the intraday levels after the resistance of 39.90 held on, while gathering momentum and venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 42.00, provided the resistance of 39.90 was breached.

 

Expected trend for today: Bullish 

City Group stages tactical decline - Analysis - 07-04-2021

Economies.com
2021-04-07 12:12PM UTC

City Group's stock (C) fell 0.21% in the last session while trading alongside the main upward trend line in the short term, with support from the 50-day SMA, while hurt by the stubborn resistance of 74.00, as it gathers positive momentum while venting off overbought saturation in the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 80.65, provided the resistance of 74.00 was breached, 

 

Expected trend for today: Bullish 

The EURCAD shrinks its losses – Analysis – 7-4-2021

Economies.com
2021-04-07 05:14AM UTC

The EURCAD price ended its negative attack by facing the bearish channel’s support at 1.4725, to notice its rally to upside, decreasing its losses by reaching 1.4940.

 

Forming an extra support at 1.4780 level and the continuation of providing positive momentum by stochastic, makes us expect forming bullish waves to reach 1.4985 reaching 1.5090 in the upcoming period trading.

 

The expected trading range for today is between 1.4880 and 1.4985

 

The expected trend for today: Bullish.

 

The British index hits the initial target– Analysis – 7-4-2021

Economies.com
2021-04-07 05:14AM UTC

The British index trading extended to the upside recently, achieving the initial target at 6850.00, to face 23.60% Fibonacci correction level that appears in the image, forming an extra support at 6620.00 that represents the moving average 55 makes us expect the continuation of forming bullish waves, to target the resistance at 6942.00 then monitor its behavior to detect the main trend in the futuristic trading.

 

The expected trading range for today is between 6775.00 and 6940.00

 

The expected trend for today: Bullish