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Microsoft attacks pivotal resistance - Analysis - 16-09-2021

Economies.com
2021-09-16 12:00PM UTC

Microsoft's stock (MSFT) rose 1.68% the last session while tackling the pivotal resistance of 305.35, settling at 304.82, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 320.00, provided the resistance of 305.00 was breached. 

 

Expected trend for today: Bullish 

Evening update analysis for Gold 16-09-2021

Economies.com
2021-09-16 16:20PM UTC

Gold price succeeded to achieve our waited negative target at 1770.00 and broke this level strongly to settle below it, opening the way to continue the decline towards the next negative target at 1735.00, noting that the continuation of the bearish wave requires holding below 1770.00.

Evening update for the EURUSD 16-09-2021

Economies.com
2021-09-16 16:19PM UTC

The EURUSD pair closed the last four hours’ candlestick below 1.1780 level, which supports the continuation of the expected bearish trend for the upcoming period, and the way is open to visit 1.1700 mainly, noting that it is important to hold below 1.1780 as a first condition to continue the suggested decline.

Midday update for Wheat price 16-09-2021

Economies.com
2021-09-16 09:31AM UTC

Wheat price retested the breached resistance of the bearish channel and keeps its stability above it until now, accompanied by stochastic approach to the oversold areas, waiting to motivate the price to resume the bullish trend that depends on the price stability above 711.00, while its next main target is located at 741.90.

 

The expected trading range for today is between 705.00 support and 725.00 resistance.

The expected trend for today: Bullish