Analysis & Forecast
– Alibaba broke key support level 78.00– Likely to fall to support level 74.00Alibaba Group today opened with the downward gap breaking below the key support level 78.00 (which has been reversing the price from the middle of May).The bre...
– Apple reversed from resistance zone– Likely to fall to support level 205.00Apple recently reversed down from the resistance zone located between the resistance level 215.00 and the resistance trendline of the wide weekly up channel...
– 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 ...
