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MasterCard gathers positive momentum - Analysis - 07-03-2019

Economies.com
2019-03-07 12:59PM UTC

MasterCard's stock fell 0.77% in the last session, or 1.75 points, after the pivotal resistance of 225.35 held on, while gathering momentum to help it rise anew, with positive pressure from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms, and countered by negative signals from the RSI. 

 

Therefore we expect the stock to return higher, especially if the resistance of 225.35 was breached, targeting the next one at 239.69. 

 

Expected trend for today: Bullish

Midday update for NZDUSD 07-03-2019

Economies.com
2019-03-07 10:56AM UTC

The NZDUSD pair keeps its stability below 0.6795 level, to keep the negative pressure valid until now, supported by the EMA50 besides stochastic losing the positive momentum, waiting to visit 0.6654 as a next main station, reminding you that it is important to hold below 0.6795 to continue the expected decline.

 

The expected trading range for today is betwenen 0.6700 support and 0.6820

 

The expected trend for today: Bearish

Midday update for AUDUSD 07-03-2019

Economies.com
2019-03-07 10:56AM UTC

The AUDUSD pair tests the key resistance 0.7044 and still below it until now, to keep our bearish overview for today, which depends on the price stability below the mentioned level, while our next target is located at 0.6900.

 

The expected trading range for today is between 0.6960 support and 0.7080

 

The expected trend for today: Bearish

Midday update for Brent oil 07-03-2019

Economies.com
2019-03-07 10:56AM UTC

Brent oil price managed to breach the symmetrical triangle’s resistance that appears on the above chart, to activate the positive effect of this pattern and rallies towards achieving more gains in the upcoming period, reinforcing the expectations of continuing the expected bullish trend on the intraday and short term basis, which its next main target located at 72.65, while holding above 64.95 key condition to continue the suggested rise.

 

The expected trading range for today is between 65.00 support and 68.00 resistance.

 

The expected trend for today: Bullish