Apple and Amazon from freeamfva's blog

Apple and Amazon

Economic data releases start with Japan September retail sales, followed by Germany October unemployment change, preliminary October CPI, Italy October consumer confidence, Euro Area final October consumer confidence. In the afternoon US weekly initial jobless claims, advance Q3 GDP, September pending home sales, October Kansas City Fed manufacturing activity are due. Central Banks activity is focused on Monetary policy decisions from the ECB and Bank of Japan. Company earnings continue with reports from Apple, Amazon, Mastercard, Comcast, Merck, Royal Dutch Shell, Linde, Volkswagen, Starbucks, Sanofi, Caterpillar, Lloyds Banking Group, and Samsung. To get more news about corespreads.com reviews, you can visit wikifx.com official website.

AAPL price action is up trending, supported by rising trendline and 20,50, 200 Day Moving Averages. The key trading level is at 147.00 (50 Day Moving Average). The resistance on the upside is at 153.20 level. A confirmed breakout above 153.20 level could appear Bullish targeting additional upside resistances at 156.70 followed by 160.00 levels. Alternatively, a confirmed loss of the current Daily support at 144.40 (20 Day Moving Average) could support a Bearish outlook targeting additional downside supports at 140.00 followed by 136.20 levels.

AMZN price action is up trending supported by rising trendline. The key trading level is 3,317 (200 Day Moving Average). The upside is capped by 3,453 level. A confirmed breakout higher above 3,453 resistance, could appear Bullish targeting additional upside resistances at 3,500 followed by 3,545 and 3,634 and 3,753 levels. Alternatively, a confirmed loss of the current Daily support at 3,200 level could support a bearish outlook targeting additional downside supports at 3,130 followed by 3,070 levels.