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Facebook gathers positive momentum - Analysis - 13-10-2017

Economies.com
2017-10-13 11:25AM UTC

Facebook's stock (FB) fell in the intraday levels, recording a loss of 0.11% in the last session, or 0.19 points, as the stock tries to garner momentum to help it rise anew, by venting off the overbought saturation in the RSI, with the dominance of the main upward short-term trend, coupled with positive pressure from the 50-day SMA, as the stock readies to tackle the pivotal resistance of 174.00. 

 

Therefore we expect the stock to return higher, provided it pierces the resistance of 174.00, targeting the next one at 184.09.

City Group seeks a bottom to buoy it - Analysis - 13-10-2017

Economies.com
2017-10-13 11:24AM UTC

City Group's stock (C) skidded in the intraday levels, recording a hefty loss of 3.43% in the last session, or 2.57 points, as the stock seeks a bottom to bounce it higher anew, in order to gather positive momentum after the RSI reached extremely oversold levels, with a noticeable rise in trading volumes, as the stock trades within an ascending price channel that limited recent medium-term trading, with positive support from the 50-day SMA.  

 

Therefore we expect the stock to return higher, as long as the support of 69.65 holds on, targeting the resistance of 76.02. 

Midday update for bitcoin 13-10-2017

Economies.com
2017-10-13 10:36AM UTC

Bitcoin price provided some negative trading this morning as a bearish correction for the strong bullish rally that the price witnessed recently, and it returns to fluctuate above 5600.00 barrier to keep the bullish momentum valid in general, which makes us continue suggesting the bullish trend in the upcoming sessions, which its targets begin by breaching 5800.00 level to confirm rallying towards 6220.00.

 

We should note that settling below 5575.00 will confirm the continuation of the bearish correction that its targets extend to reach 5140.00 before any new attempt to rise.

 

Expected trading range for today is between 5500.00 support and 6000.00 resistance

Expected trend for today: Bullish

Midday update for NZDUSD 13-10-2017

Economies.com
2017-10-13 10:35AM UTC

The NZDUSD pair shows bullish bias to approach from our first waited target at 0.7187, which makes us keep our positive overview for today, which its targets extend to reach 0.7275 after breaching the previous level, reminding you that holding above 0.7100 represents main condition to achieve the suggested targets.

 

Expected trading range for today is between 0.7060 support and 0.7250

 

Expected trend for today: Bullish