Twitter receives positive support - Analysis - 25-07-2022
Twitter's stock (TTR) rose despite turning losses in the second quarter, amid huge uncertainty regarding Elon Musk's previous attempt to purchase the company, which did hurt earnings, with the stock rising 0.81%, or 32 cents, and settling at 39.84, with trading volumes surpassing 25 million shares, below 10-day averages of 28.4 million shares.
The stock is receiving support after leaning on the 50-day SMA, boosting it, however the downward trend remains dominant in the short term, with negative signals from the RSI.
Therefore we expect the stock to return lower, targeting the first support at 35.40, provided the resistance of 40.95 holds on.
Expected trend for today: Bearish
Midday update for the NZDUSD 25-07-2022
The NZDUSD pair provided more bullish bias to breach 0.6257 level again and attempts to hold above it, which stops the morning suggested negative scenario and lead the price to achieve more gains in the upcoming sessions, which reach 0.6320, taking into consideration that failing to consolidate above 0.6257 will put the price under the negative pressure again.
The expected trading range for today is between 0.6220 support and 0.6320 resistance
The expected trend for today: Bullish for the rest of the day
Midday update for the AUDUSD 25-07-2022
The AUDUSD pair shows more bullish bias to breach 0.6910 level and move away from it, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to test 0.6980 level initially, noting that breaching this level will extend the bullish wave to reach 0.7050 as a next main target, noting that holding above 0.6910 and 0.6875 levels is important to achieve the suggested targets.
The expected trading range for today is between 0.6900 support and 0.7000 resistance
The expected trend for today: Bullish
Midday update for Brent oil 25-07-2022
Brent oil price found solid support at 102.25, to trade positively now and achieve temporary intraday gains, waiting to get negative motive that assist to push the price to resume the bearish bias and confirm extending the expected bearish wave towards 99.30 followed by 95.00 levels, noting that the continuation of the rise and breaching 105.05 will stop the suggested negative scenario and push the price to achieve more gains in the upcoming sessions.
The expected trading range for today is between 99.50 support and 105.00 resistance.
The expected trend for today: Bearish