Johnson & Johnson keeps rising - Analysis - 16-12-2021
Johnson & Johnson's stock (JNJ) kept rising with a 0.5% profit while buoyed recently by piercing the downward correctional trend line in the short term, with positive pressure from the 50-day SMA, settling thereafter at 171.14, and countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the first resistance of 173.50, provided it settles above 167.55.
Expected trend for today: Bullish
Midday update for the NZDUSD 16-12-2021
The NZDUSD pair shows strong positive trades to move away from the breached resistance of the bearish channel and confirms the continuous domination of the bullish correction, and the way is open to achieve the first positive target at 0.6850, noting that breaching it will push the price to the next correctional level at 0.6820, while the expected rise will remain valid unless breaking 0.6735 and holding below it.
The expected trading range for today is between 0.6710 support and 0.6830 resistance
The expected trend for today: Bullish
Midday update for the NZDUSD 16-12-2021
The NZDUSD pair shows strong positive trades to move away from the breached resistance of the bearish channel and confirms the continuous domination of the bullish correction, and the way is open to achieve the first positive target at 0.6850, noting that breaching it will push the price to the next correctional level at 0.6820, while the expected rise will remain valid unless breaking 0.6735 and holding below it.
The expected trading range for today is between 0.6710 support and 0.6830 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 16-12-2021
The AUDUSD pair resumes its positive trades clearly to complete forming the bullish pattern mentioned this morning, which supports the continuation of our bullish overview efficiently in the upcoming sessions, approaching the first waited target at 0.7205, which breaching it represents the key to rally towards 0.7275 as a next target, while the price needs to hold above 0.7125 to achieve the suggested targets.
The expected trading range for today is between 0.7110 support and 0.7220 resistance
The expected trend for today: Bullish