Facebook's stock (FB) surged 17.59% in the last session after the pivotal support of 186.67, after the pivotal support of 186.67 held on, while the RSI reached oversold levels, settling at 205.73, with trading volumes surpassing 100 million shares.
The stock as boosted after reporting profits of $2.72 per share in the first quarter, beating estimates of $2.56, on sales of $27.91 billion.
The stock is thus attempting to shake off negative pressure from the 50-day SMA, paving the way for more gains.
Therefore we expect the stock to rise and target the first resistance at 248.00.
Expected trend for today: Bullish
The NZDUSD pair trades positively to test 0.6530 level, and as long as the price is below this level, our bearish overview will remain valid, supported by stochastic loss to the positive momentum clearly, reminding you that our next main target reaches 0.6400.
The expected trading range for today is between 0.6440 support and 0.6550 resistance
The expected trend for today: Bearish
The AUDUSD pair breached 0.7130 and settled above it, to turn to rise for the rest of the day, taking into consideration that breaking 0.7130 and holding below it again will reactivate the negative scenario that targets 0.7050 followed by 0.6990 areas mainly.
The expected trading range for today is between 0.7100 support and 0.7200 resistance
The expected trend for today: Bullish
Brent oil price continues to rise to approach our waited target at 110.05, and we expect the continuation of the bullish trend domination in the upcoming period, reminding you that surpassing this level will push the price to 115.10 as a next main station, while the expected rise will remain valid unless breaking 105.05 and holding below it.
The expected trading range for today is between 105.00 support and 110.05 resistance.
The expected trend for today: Bullish