eltonmorningstar

eltonmorningstar Updated 

The EURUSD pair faces negative pressure to approach the key support 1.0745 supported by Downward sloping Moving Average, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active, which targets 1.0915 mainly. Note that breaking 1.0745 will stop the positive scenario and press on the price to turn...

eltonmorningstar Updated 

Gold price shows bearish bias after facing solid resistance at 1928.60 , to head towards achieving some expected decline in the upcoming sessions, targeting testing 1885.00 areas mainly before turning back to resume the main bullish track. Therefore, the bearish bias will be suggested temporarily for today, taking into consideration that surpassing 1920.50 ...

eltonmorningstar Updated 

Generally, the GBPJPY repeats the negative closings. No change to the GBPJPY pair’s bearish track by consolidating below 158.60 level that forms additional barrier against the bearish trades, also, the major indicators provide the negative momentum to increase the efficiency of the bearish track, to expect targeting 154.40 followed by 153.20 levels soon. However...

eltonmorningstar

The USDCAD pair managed to touch at 1.3350 and finds solid support there, to show some bullish bias affected by stochastic positivity, while the EMA50 forms negative pressure against the price to support the chances of continuing the main bearish trend and surpass the mentioned level to head towards 1.3205 as a next negative station. Therefore, we will continue...

eltonmorningstar Updated 

The EURUSD pair continues to fluctuate within tight range since yesterday, while stochastic attempts to gain the positive momentum on the intraday basis, waiting to motivate the price to resume the bullish wave that its targets begin by breaching 1.0745 to open the way to head towards 1.0915. Therefore, we will keep our bullish overview that gets continuous...

eltonmorningstar Updated 

Gold price shows additional positive trades to breach 1900.00 and confirm the continuation of the bullish trend domination in the upcoming sessions, opening the way to head towards 1928.60 as a next positive station, waiting for more rise for the rest of the day conditioned by the price stability above 1882.00.

eltonmorningstar Updated 

The GBPJPY pair lost the positive momentum after stochastic attempt to exit the overbought areas, to rebound bearishly from 161.00 level and settles near 159.90, while the current rebound is considered as a threat to the continuation of the correctional bullish track due to the stability of the additional support at 158.70. Therefore, we will keep waiting to gain...

eltonmorningstar Updated 

Gold price returned to rise after the decline that it witnessed in the previous sessions, to approach 1850.00 level, waiting for more bullish bias to head towards our next main target that reaches 1900.00. Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, supported by...

eltonmorningstar Updated 

American Airlines' stock kept rising in the intraday levels, while buoyed by piercing the downward trend line recently in the short term, while buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels. Therefore I expect more gains for the stock, targeting the resistance of 15.70, provided it holds above the...

eltonmorningstar

Nike's stock (NKE) kept rising in the intraday levels, buoyed by positive pressure from the 50-day SMA, and amid the dominance of the upward correctional wave in the short term, with negative signals from the RSI after reaching overbought levels, hurting the stock's movements. Therefore we expect the stock to rise and target the resistance of 138.65, provided it...

eltonmorningstar Updated 

Silver price hovers around the EMA50, and didn’t show any strong move since yesterday, to keep our positive overview for the upcoming period, which depends on the price stability above 23.05, waiting to visit 24.20 followed by 25.00 levels as next main targets. We should note that breaking 23.05 will stop the suggested rise and press on the price to achieve...

eltonmorningstar Updated 

Gold price shows new positive trades by today’s open, motivated by the positive signal provided by stochastic now, waiting for more rise to achieve our targets that start at 1900.00 and extend to 1928.60. The EMA50 supports the expected rise, which will remain valid unless breaking 1865.00.

eltonmorningstar

American Express's stock (AXP) rose in the intraday levels, touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term, while the RSI reached overbought levels. Therefore we expect the stock to return lower, targeting the first support at 142.72, provided the resistance of 153.84 holds on.

eltonmorningstar

Coinbase's stock (COIN) advanced in the intraday levels after announcing plans to let go of 950 employees in a step to reduce costs, especially in the crypto sector, with severance package and other costs of the termination estimated at $163 million, with the stock tumbling 12.96% in the last session, or 4.96 points, settling at 43.23, with trading volumes...

eltonmorningstar Updated 

The EURUSD pair continued to decline yesterday to test the key support 1.0515, noticing that the price consolidated above this level to start providing positive trades now, accompanied by witnessing positive signals through stochastic, which encourages us to suggest the bullish bias, waiting to visit 1.0625 followed by 1.0745 levels as next main stations. On the...

eltonmorningstar

Despite the EURJPY pair’s recent weak trades, attempted to provide additional pressures on the moving average 55 at 142.10 showing the chances of resuming the bullish attack in the near term and medium term period. Since the price surpassed the current obstacle and closed positively above it, it confirms moving to the next correctional station, to expect...

eltonmorningstar

The GBPCHF pair surrendered to the stability of the additional support at 1.1110, to force it to postpone the negative attack and start forming correctional bullish waves and settle near 1.1210, also, stochastic rally above 50 level confirms the beginning of gathering the additional positive momentum, allowing us to suggest targeting 1.1290 followed by reaching...

eltonmorningstar Updated 

Coffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the...