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City Group strives to vent off oversold saturation - Analysis - 22-10-2018
City Group's stock rose 0.35% in the last session, or 0.24 points, as the stock vents off oversold saturation in the RSI, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently in the short term.
Therefore we expect the stock to return lower, as long as the resistance of 70.02 holds on, targeting the support of 66.55.
Expected trend for today: Likely Bearish
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Midday update for bitcoin 22-10-2018
The tight range dominates Bitcoin price trades, which remains stable below 6500.00 level, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, while the expected targets begin at 6040.00 followed by 5880.00.
MoreMidday update for NZDUSD 22-10-2018
The NZDUSD pair keeps its stability below the main bearish channel’s resistance, to keep the bearish trend scenario valid for today, supported by stochastic negativity, waiting to head towards 0.6500 level that represents our first main target, reminding you that it important to hold below 0.6625 level to continue the expected decline.
MoreMidday update for AUDUSD 22-10-2018
The AUDUSD pair hovers around 0.7100 level since morning, and the EMA50 forms negative pressure against the price, to keep the bearish trend active for today, depending on the price stability below 0.7130, reminding you that our main waited target is located at 0.7000.
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