JPMorgan Chase & Co's stock (JPM) rose in the intraday levels, while trading above the 50-day SMA, managing to pierce the descending price channel that guided recent short-term trading, with negative signals from the RSI after reaching overbought levels, hindering upcoming gains.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 159.35, provided the resistance of 150.25 holds on.
Expected trend for today: Bullish
Wells Fargo & Company's stock (WFC) surged in the intraday levels, confirming the breach of the downward correctional trend line in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.
Therefore we expect more gains for the stock, targeting the first resistance at 43.75, provided the resistance of 42.37 was breached.
Expected trend for today: Bullish
The NZDUSD pair managed to breach 0.6020 level to confirm the continuation of the bullish trend domination on the intraday basis, opening the way to head towards our next main target at 0.6090, to keep the bullish trend scenario valid and active in the upcoming sessions conditioned by the price stability above 0.6020.
The expected trading range for today is between 0.5980 support and 0.6080 resistance
The expected trend for today: Bullish
The AUDUSD pair shows new positive trades in attempt to reach our waited target at 0.6545, waiting for more rise in the upcoming sessions, reminding you that surpassing the mentioned level will extend the bullish wave to reach 0.6660, while the bullish trend will remain valid unless breaking 0.6470 and holding below it.
The expected trading range for today is between 0.6450 support and 0.6560 resistance
The expected trend for today: Bullish