Twitter trapped in a hesitant place - Analysis - 13-09-2022
Twitter's stock (TWTR) fell in the last session after asserting Elon Musk's latest attempt to end his acquisition of Twitter, valued at $44 billion, won't work, with the stock declining 78 cents, or 1.85%, settling at 41.41, with trading volumes approaching 8 million shares, below 10-day averages of 10.6 million shares.
Technically, the stock is buoyed by trading above the 50-day SMA, with positive signals from the RSI, while trading alongside the main downward medium-term trend line.
Therefore we expect the stock to decline and target the support of 35.40, provided it settles below 40.95.
Expected trend for today: Bearish
Goldman Sachs readies to tackle current resistance - Analysis - 13-09-2022
Goldman Sachs' stock (GS) kept rising in the intraday levels after Wall Street Journal reported the investment giant is planning to let go of hundreds of employees next week, with the stock rising 0.73%, or 2.48 points, settling at 342.58, with trading volumes surpassing 1.5 million shares, barely below 10-day averages.
Technically, the stock is buoyed by trading above the 50-day SMA, while buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive signals from the RSI, preparing to tackle the pivotal resistance of 346.77.
Therefore we expect more gains for the stock, targeting the resistance of 377.40, provided the resistance of 346.77 was breached.
Expected trend for today: Bullish
Midday update for the NZDUSD 13-09-2022
The NZDUSD pair continues to fluctuate within sideways track, and as long as the price is above 0.6105, our bullish overview will remain valid for today, supported by the EMA50, reminding you that we are waiting to visit 0.6175 followed by 0.6230 levels as next main targets.
The expected trading range for today is between 0.6080 support and 0.6200 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 13-09-2022
The AUDUSD pair resumes its positive trading after leaning on 0.6865 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our waited targets begin at 0.6915 and extend to 0.6970, while achieving them requires holding above 0.6865.
The expected trading range for today is between 0.6830 support and 0.6930 resistance
The expected trend for today: Bullish