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Hewlett-Packard climbs within descending price channel - Analysis - 05-10-2021

Economies.com
2021-10-05 12:13PM UTC

Hewlett-Packard's stock (HPQ) rose 0.04% in the last session while trading within a descending price channel that guided recent short-term trading, amid negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 26.90, provided the resistance of 29.00 holds on.

 

Expected trend for today: Bearish 

Honeywell returns lower - Analysis - 05-10-2021

Economies.com
2021-10-05 12:14PM UTC

Honeywell's stock (HON) returned lower with a 0.67% in the last session, while hurt by piercing the main upward trend line recently, amid the dominance of the short-term correctional wave, with negative pressure from the 50-dy SM, s the stock tries to vent off oversold saturation in the RSI.

 

Therefore we expect more losses for the stock, targeting the support at 207.80, provided it holds below 216.70.

 

Expected trend for today: Bearish 

Midday update for the NZDUSD 05-10-2021

Economies.com
2021-10-05 09:40AM UTC

The NZDUSD pair trades positively now after leaning on 0.6945 level, waiting for bearish rebound to resume the correctional bearish trend, which targets 0.6890 initially, noting that breaching 0.6990 will stop the negative scenario and lead the price to turn to rise.

 

The expected trading range for today is between 0.6880 support and 0.6990 resistance

 

The expected trend for today: Overall bearish

Midday update for the AUDUSD 05-10-2021

Economies.com
2021-10-05 09:40AM UTC

The AUDUSD pair found good support at 0.7245 to rebound bullishly and approach the key resistance 0.7290, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active, noting that breaking 0.7245 is required to head towards 0.7170 direct.

 

The expected trading range for today is between 0.7210 support and 0.7310 resistance

 

The expected trend for today: Bearish