Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Facebook sharpens decline - Analysis - 12-10-2021

Economies.com
2021-10-12 12:00PM UTC

Facebook's stock (FB) fell 1.39% in the last session, settling at 325.45, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA, combined with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the first support at 315.55, targeting the first support at 315.55.

 

Expected trend for today: Bearish

Update: Calm trades since morning

Economies.com
2021-10-12 10:20AM UTC

The major currencies pairs and commodities didn’t show any strong move since morning, to keep the morning suggested scenario valid without any change, and we recommend checking them to review the expected trends and targets for the upcoming period, through the following links:

 

Technical analysis for currencies

 

Technical analysis for commodities

Natural gas price touches the support – Analysis – 12-10-2021

Economies.com
2021-10-12 04:59AM UTC

Natural gas price lost the positive momentum yesterday to form temporary negative rebound and touch the minor bullish channel’s support line at 5.300, holding above it, thus, we will keep our bullish overview for the upcoming period, expecting to gather the positive momentum and start the bullish attack to target 5.750 and 5.950 levels.

 

On the other hand, facing new negative pressures and breaking the current bullish channel’s support line will force it to start the correctional bearish track, to suffer some losses by moving towards 5.070 followed by reaching the next support at 4.885.

 

The expected trading range for today is between 5.300 and 5.750

 

The expected trend for today: Bullish

The CADJPY hits the target – Analysis – 12-10-2021

Economies.com
2021-10-12 04:58AM UTC

The CADJPY formed strong bullish rally recently, to surpass many barriers and record the main positive target at 91.00, while the stability of the current barrier allows us to expect sideways trades, to confine trades between this barrier and 90.05 as an initial support.

 

Note that succeeding to surpass the current barrier and holding above it will reinforce the domination of the bullish bias, to expect resuming it and record the positive targets at 91.63 and 92.08.

 

The expected trading range for today is between 90.05 and 91.00

 

The expected trend for today: Bullish