Netflix's stock rose 1.27% in the last session, or 4.47 points, while steadying above 349.87, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 423.21 to 231.23), with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, as long as it settles above 349.87, targeting the next resistance at 377.90, which represents the ratio 78.6% of the same retracement levels.
Expected trend for today: Bullish
Alphabet's stock rose 1.16% in the last session, or 13.19 points, piercing the important resistance of 1128.99, which represents the ceiling of a positive pattern that formed in the short term, the Double Bottom pattern, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, as long as it settles above 1128.99, targeting the first resistance at 1209.90.
Expected trend for today: Bullish
The NZDUSD pair resumes its negative trading to surpass the EMA50 and supports the chances of continuing the bearish bias for the rest of the day, to keep our bearish overview that its next target located at 0.6795, while holding below 0.6910 represents key condition to continue the suggested decline.
The expected trading range for today is betwenen 0.6795 support and 0.6910
The expected trend for today: Bearish
The AUDUSD pair succeeded to break 0.7150 level and settles below it now, which supports the continuation of our bearish overview for the upcoming sessions, affected by the previously completed double top pattern, reminding you that our next target is located at 0.7075, while achieving it conditions holdilng below 0.7210.
The expected trading range for today is between 0.7075 support and 0.7200
The expected trend for today: Bearish