eltonmorningstar

eltonmorningstar

AT&T's stock (T) declined in the intraday levels, after the resistance of 19.52, while the stock tested the downward short-term resistance line, amid attempts to gather momentum to recover anew, with positive support from the 50-day SMA, coupled with positive signals from the RSI. Therefore I expect the stock to return higher, targeting the resistance of 19.52 anew.

eltonmorningstar

Goldman Sachs' stock (GS) rose in the intraday levels, with the bank expected to launch a large scale cut to the workforce this week, amounting to 3200 jobs, with the stock rising 1.41%, or 4.92 points in the last session, settling at 353.00, with trading volumes approaching 2 million shares, above 10-day averages of 1.5 million shares. Technically, the stock...

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Wheat price decline stopped around 740.00 areas, to start rising and hint heading to achieve expected gains in the upcoming sessions, on its way to visit 778.10 mainly. Therefore, the bullish bias will be suggested for today, and breaching 758.50 will ease the mission of achieving the mentioned target, while breaking 745.00 will stop the expected rise and press...

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Precious metals open higher on Tuesday with gold and silver rising 0.9% and 1.9% respectively. Silver has surpassed last week's high, testing the next level which is around $24.7 since January 2022.

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The USDJPY pair rallied upwards yesterday to breach the bearish channel’s resistance and settles above it, to hint the attempt to recover on the intraday basis, but we notice that stochastic shows clear negative signals that put the price under negative pressure now, to face contradiction between the technical indicators that makes us prefer to stay aside until we...

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The EURJPY pair hinted getting rid of the domination of the bearish bias by forming correctional bullish rally, to surpass 138.80 barrier and achieve some gains by touching 140.75 level. I notice that stochastic begins to provide the positive momentum, while I assure the importance of monitoring the price now and wait to surpass 140.95 to avoid any sideways...

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The EURUSD pair fluctuates around the EMA50 that forms good resistance against the price, affected by stochastic negativity that hinders the mission to rise, waiting to get enough positive momentum to push the price to resume the bullish wave that targets 1.0745 as a next main station. Therefore, the bullish trend scenario will remain valid and active for the...

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The USDCHF pair provided clear positive trades yesterday to test the key resistance 0.9370, accompanied by witnessing clear positive signals through stochastic, to form negative pressure that makes us suggest witnessing negative trades today followed by heading towards 0.9295 and 0.9215 levels as main negative targets. Therefore, the bearish bias will be expected...

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PayPal Holdings' stock (PYPL) rose in the intraday levels, while trying to correct the main downward trend in the medium term, touching the resistance of the 50-day SMA, with positive signals from the RSI after reaching overbought levels compared to the stock's movements. Therefore we expect the stock to return lower, targeting the pivotal support of 68.50,...

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Oracle Corporation's stock (ORCL) extended its gains and tackled the pivotal resistance of 84.50, amid the dominance of the upward correctional short-term trend, while buoyed by trading above the 50-day SMA, with positive signals from the RSI. Therefore we expect more gains for the stock, targeting the resistance of 90.70, provided the resistance of 84.50 was breached.

eltonmorningstar Updated 

Gold price continues to rise, organized inside new bullish channel that appears on the chart, noticing that stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the bullish wave that its next target located at 1900.00. Therefore, our bullish overview will remain valid and active unless breaking 1820.50 and holding below...

eltonmorningstar

The CADCHF pair touched 0.6780 level to form intraday obstacle against the negative trades, to notice forming temporary correctional rebound and test the additional barrier at 0.6890. We assure the importance of gathering the additional negative momentum to manage to renew the bearish attempts and repeat the pressure on 0.6780 level, while achieving the required...