Analysis & Forecast
– EURCHF broke key support level 0.9565– Likely to fall to support level 0.9450EURCHF recently broke below the key support level 0.9565, which stopped wave B in April, as can be seen from the daily EURCHF chart below.The breakout of ...
– Costco broke resistance level 855.00– Likely to rise to resistance level 880.00Costco recently broke the resistance level 855.00, which stopped the previous impulse wave 1at the start of June, as can be seen from the daily Costco c...
– Gold reversed from support level 2300.00– Likely to rise to resistance 2385.00Gold recently reversed up from the pivotal support level 2300.00 (which stopped the previous waves A, (4) and ii, as can be seen below).The support level 2300...
– CADJPY reversed from key support level 113.00– Likely to rise to resistance 115.40CADJPY currency pair recently reversed up from the key support level 113.00 (that reversed the pair with the daily Hammer in the middle of May, as can be ...
– NZDCAD reversed from support level 0.8400– Likely to rise to resistance 0.8500NZDCAD currency pair recently reversed up with the daily Piercing Line from the support level 0.8400 (former strong resistance from November, December and May...
NASDAQ 100 reversed from support level 19000.000 Likely to rise to resistance 20000.00NASDAQ 100 Index recently reversed up from the support level 19000.000 (former resistance from the middle of May, acting as the support after it was broken previou...
– EURUSD under bearish pressure– Likely to fall to support level 1.0700EURUSD currency pair under the bearish pressure after the earlier breakout of the support level 1.0800 (which stopped the previous wave (b) at the end of May).The brea...
16.05.2024GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2635 is expected, followed by a rise ...
16.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair has exited the consolidation range upwards and completed a corrective wave, reaching 1.0894. Today, a decline wave could develop, aiming for 1.0805. After reaching this level, the price...
– Amazon reversed from resistance level 190.00– Likely to fall to support level 180.00Amazon recently reversed down from the resistance level 190.00 (previous monthly high from April), strengthened by the upper daily Bollinger Band.The do...
