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Clorox widens gains - Analysis - 22-02-2023
Clorox Company's stock (CLX) rose in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive pressure 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 pivotal resistance of 160.60, provided the support of 148.27 holds on.
Expected trend for today: Bullish
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Midday update for the NZDUSD 22-02-2023
The NZDUSD pair didn’t show any strong move since morning, thus, no change to the expected bearish trend for today, which its next main target located at 0.6140, reminding you that the continuation of the bearish wave depends on the price stability below 0.6290.
MoreMidday update for the AUDUSD 22-02-2023
The AUDUSD pair shows more bearish bias to keep approaching the waited target at 0.6780, to keep the bearish trend scenario valid and active for today, supported by the EMA50, noting that breaking the mentioned level will extend the bearish wave to reach 0.6665 areas, while the continuation of the bearish trend depends on the price stability below 0.6925.
MoreMidday update for Brent oil 22-02-2023
Brent oil price shows new negative trades to reach the first waited target at 81.30, and we suggest surpassing this level to achieve additional decline that targets 79.55 direct.
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