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ExxonMobil returns higher - Analysis - 08-11-2019

Economies.com
2019-11-08 14:01PM UTC

ExxonMobil's stock returned higher in the intraday levels, marking a 2.13% profit and exiting a descending price channel that guided recent trading, while the RSI reached overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 75.00. 

 

Expected trend for today: Bullish 

Midday update for bitcoin 08-11-2019

Economies.com
2019-11-08 10:40AM UTC

Bitcoin price traded with clear negativity to approach our first waited target at 8880.00, which supports the continuation of our expected bearish trend on the intraday and short term basis, reminding you that surpassing the mentioned level will push the price towards 8510.00 as a next station, while holding below 9255.00 represents key condition to continue the expected decline.

 

The expected trading range for today is between 8800.00 support and 9400.00 resistance

The expected trend for today: Bearish

Midday update for the NZDUSD 08-11-2019

Economies.com
2019-11-08 10:39AM UTC

The NZDUSD pair begins pressing on 0.6340 level, waiting to confirm breaking this level to open the way to continue the bearish wave that we expect to reach 0.6285 followed by 0.6205 levels mainly.

 

Therefore, the bearish trend will remain dominant conditioned by the price stability below 0.6426.

 

The expected trading range for today is between 0.6285 support and 0.6400

 

The expected trend for today: Bearish

Midday update for the AUDUSD 08-11-2019

Economies.com
2019-11-08 10:39AM UTC

The AUDUSD pair shows slight bearish bias to move away gradually from 0.6895 level, to support the continuation of our bearish overview in the upcoming period, which targets 0.6825 followed by 0.6755 levels as next main stations, reminding you that it is important to hold below 0.6895 to continue the expected decline.

 

The expected trading range for today is between 0.6800 support and 0.6930

 

The expected trend for today: Bearish