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Symantec erases losses - Analysis - 22-10-2019

Economies.com
2019-10-22 15:02PM UTC

Symantec's stock erased its earlier losses after leaning on the main upward trend line with positive signals from the RSI, countered by negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to rise as long as the support of 22.53 holds on, targeting the first resistance at 23.62. 

 

Expected trend for today: Bullish 

Midday update for the NZDUSD 22-10-2019

Economies.com
2019-10-22 09:23AM UTC

The NZDUSD pair found a strong resistance at 0.6426, showing slight bearish bias now, while the EMA50 keeps providing positive support for the price.

 

Therefore, we will keep our bullish trend expectations conditioned by holding above 0.6340 level, reminding you that our next target extends to 0.6495.

 

The expected trading range for today is between 0.6370 support and 0.6480

 

The expected trend for today: Bullish

Midday update for the AUDUSD 22-10-2019

Economies.com
2019-10-22 09:23AM UTC

The AUDUSD pair shows slight bearish bias now, affected by stochastic negativity, as long as the price is stable above 0.6800, so our bullish trend expectations will remain valid for today, waiting for getting a positive motive that assists to push the price to achieve our initial positive target at 0.7015.

 

The expected trading range for today is between 0.6820 support and 0.6920

 

The expected trend for today: Bullish

Midday update for Brent oil 22-10-2019

Economies.com
2019-10-22 09:23AM UTC

Brent oil price shows slight bullish bias in its way for a potential test to 59.60 level, as long as the price is below this level, so our bearish trend expectations will remain valid for today, supported by stochastic approach from the overbought levels, besides the negative pressure that comes from the EMA50, reminding you that our next main target at 56.00.

 

The expected trading range for today is between 56.50 support and 59.60 resistance.

 

The expected trend for today: Bearish