Analysis & Forecast
13.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair is forming a consolidation range around 1.0760, with the range possibly expanding to 1.0795. With a downward breakout, a new decline wave could start, targeting 1.0684 and potentially c...
• Platinum reversed from resistance level 1010.00• Likely to fall to support level 990.00Platinum just reversed down from the major resistance level 1010.00, which has been reversing the price from the end of December.The resistance level 1010.00...
• Coca-Cola rising inside sharp impulse wave (3)• Likely to reach resistance level 64.00Coca-Cola rising inside the sharp upward impulse wave (3), which started earlier from the key support level 61.00 (former strong resistance from February ad M...
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Intermarket correlations IfThenWhyGold UPUSD DOWNDuring times of economic unrest, investors tend to dump the dollar in favor of gold. Unlike other assets, gold maintains its intrinsic value.Gold UPAUD/USD UPAustralia is the third biggest gold pro...
– Adobe reversed from resistance level 500.00– Likely to fall to support level 460.00Adobe recently reversed down from the round resistance level 500.00 (former multi-month support from September of last year).The resistance level 500.00 ...
– Goldman Sachs rising inside impulse waves 3 and (3)– Likely to rise to resistance level 460.00Goldman Sachs rising strongly after the price broke the major resistance level 424.00 (which stopped the previous sharp uptrend at the end of ...
08.05.2024GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is correcting following a rebound from the resistance area. The pair is going inside the Ichimoku Cloud, which suggests a sideways trend. A test of the Cloud’s lower boundar...
08.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair has completed a downward impulse, reaching 1.0737. Today, the market is forming a narrow consolidation range above this level. With an upward breakout, a corrective phase is not ruled o...
– WTI crude oil reversed from support area– Likely to rise to resistance level 80.00WTI crude oil recently reversed up with the daily Hammer from the support area lying between the pivotal support level 77.00 (which has been reversing the...
