Tag: fxpro
The weekly balance sheet data from the Fed showed an increase of 10.4 billion – a very unexpected change as the central bank should, on the contrary, have accelerated the balance sheet reduction since the beginning of September. However, so far, the Fed has broadly stuck to its plan. The official release on May 4 […]
• Dow Jones under bearish pressure • Likely to fall to support level 30000.00 Dow Jones index under the bearish pressure after it broke above the support level 31000.00 (which stopped the earlier minor impulse wave 1 at the start of September). The breakout of the support level 31000.00 accelerated the active short-term impulse wave […]
• EURGBP broke major resistance level 0.8700 • Likely to rise to resistance level 0.8800 EURGBP continues to rise after the price broke above the major resistance level 0.8700 (which has been reversing the price from the middle of June). The breakout of the resistance level accelerated the active short-term upward impulse wave 3, which […]
• EURGPB broke major resistance level 0.8700 • Likely to rise to resistance level 0.8800 EURGPB continues to rise after the price broke above the major resistance level 0.8700 (which has been reversing the price from the middle of June). The breakout of the resistance level acceratyed the active short-term upward impulse wave 3, which […]
• EURCHF reversed from support level 0.9550 • Likely to rise to resistance level 0.9700 EURCHF currency pair recently reversed up with the daily Hammer from the key support level 0.9550 (which stopped the sharp downtrend in August) intersecting with the lower daily Bollinger Band . The upward reversal from the support level 0.9550 started […]
• S&P 500 broke key support level 3900.00 • Likely to fall to support level 3800.00 S&P 500 index recently broke the key support level 3900.00 (which has been reversing the price from the end of July) intersecting with the 61.8% Fibonacci correction of the upward ABC correction from June . The breakout of the […]
• NZDJPY reversed from resistance level 87.30 • Likely to fall to support level 85.00 NZDJPY currency pair recently reversed down from the key resistance level 87.30 (which has been reversing the price from the end of March), standing above the upper daily Bollinger Band. The downward reversal from the resistance level 87.30 started the […]
• Gold under bearish pressure • Likely to fall to support level 1650.00 Gold under the bearish pressure after the price broke the pivotal support level 1690.00 (which has been reversing Gold from the middle of July). The breakout of the support level 1690.00 continues the clear multi-month downtrend that can be seen on the […]
• Adobe broke multi-month support level 350.00 • Likely to fall to support level 300.00 Adobe today opened with the sharp downward gap, which broke below the key multi-month support level 350.00 (which stopped wave (5) in the middle of June). The breakout of the support level 350.00 accelerated the active intermediate impulse wave (3), […]
• Natural gas rising inside impulse wave 3 • Likely to rise to resistance level 9.500 Natural gas recently reversed up from the key support level 7.755 (which has been reversing the price from the start of August), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from […]