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PayPal gives in to negative pressure - Analysis - 04-04-2023

Economies.com
2023-04-04 10:46AM UTC

PayPal Holdings' stock (PYPL) fell in the intraday levels after touching the resistance of the 50-day SMA, while retesting the resistance of the main downward medium-term trend line, marking a final loss of 0.86% in the last session, or 65 cents, and settling at 75.29, while the RSI reached overbought levels, doubling negative pressures. 

 

Therefore we expect more losses for the stock, targeting the pivotal support  of 67.50, provided it settles below the resistance of 75.95. 

 

Expected trend for today: Bearish

ExxonMobil soars - Analysis - 04-04-2023

Economies.com
2023-04-04 10:45AM UTC

ExxonMobil's stock (XOM) surged in the intraday levels, managing to surpass the resistance of the 50-day SMA and shake off its negative pressure, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI despite reaching overbought levels, in turn managing to pierce the pivotal resistance of 114.60.

 

Therefore we expect more gains for the stock, targeting the resistance of 125.40, provided it settles above 114.60. 

 

Expected trend for today: Bullish

Alibaba emits some negative signals - Analysis - 04-04-2023

Economies.com
2023-04-04 10:45AM UTC

Alibaba Group Holdings' stock (BABA) fell in the intraday levels, marking a loss of 3.71% in the last session, or 3.79 points, and settling at 98.39, while trading alongside the downward medium-term trend line, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence. 

 

Therefore we expect more losses for the stock, targeting the first support at 86.50, provided the resistance of 104.50 holds on.

 

Expected trend for today: Bearish

Midday update for the NZDUSD 04-04-2023

Economies.com
2023-04-04 10:18AM UTC

The NZDUSD pair fluctuates around 0.6290 level since morning, keeping its stability above it, to keep the bullish trend scenario valid and active for today, affected by the previously completed ascending triangle’s pattern, waiting to visit 0.6385 followed by 0.6440 levels as next main targets, reminding you that breaking 0.6290 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 0.6240 support and 0.6370 resistance

The expected trend for today: Bullish