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Facebook gathers positive momentum - Analysis - 16-09-2021

Economies.com
2021-09-16 12:01PM UTC

Facebook's stock (FB) fell 0.69% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, as the stock trades within an ascending price channel in the short term, coupled with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 395.70, provided the pivotal resistance of 377.60 was breached.

 

Expected trend for today: Bullish 

Evening update analysis for Gold 16-09-2021

Economies.com
2021-09-16 16:20PM UTC

Gold price succeeded to achieve our waited negative target at 1770.00 and broke this level strongly to settle below it, opening the way to continue the decline towards the next negative target at 1735.00, noting that the continuation of the bearish wave requires holding below 1770.00.

Evening update for the EURUSD 16-09-2021

Economies.com
2021-09-16 16:19PM UTC

The EURUSD pair closed the last four hours’ candlestick below 1.1780 level, which supports the continuation of the expected bearish trend for the upcoming period, and the way is open to visit 1.1700 mainly, noting that it is important to hold below 1.1780 as a first condition to continue the suggested decline.

Google amid positive outlook - Analysis - 16-09-2021

Economies.com
2021-09-16 12:00PM UTC

Google's stock (GOOG) rose 1.26% in the last session amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, targeting the resistance of 3000, provided the resistance of 2,904 was breached. 

 

Expected trend for today: Bullish