Tag: Technical analysis
The price of crude oil was down by about 3% so far this week, having encountered sellers’ resistance at $63 for WTI. A week earlier, the resistance was at $64/bbl. In early April, oil collapsed due to fears of a global slowdown due to tariffs (less demand) and OPEC+’s intention to raise production (more supply). […]
EURGBP: ⬇️ Sell – EURGBP broke support area – Likely to fall to support level 0.8450 EURGBP currency pair recently broke the support area between the key support level 0.8525 (which stopped the previous waves iv and A) and the 38.2% Fibonacci correction of the upward impulse from February. The breakout of the support level […]
EURJPY: ⬇️ Sell – EURJPY reversed from resistance area – Likely to fall to support level 161.25 EURJPY currency pair recently reversed down from the resistance area between the resistance level 164.00 (which has been reversing the price from January), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from July. […]
GE Aerospace ⬆️ Buy – GE Aerospace broke resistance area – Likely to rise to resistance level 205.00 GE Aerospace recently broke the resistance area between the round resistance levels 200.00, 193.60 and the 61.8% Fibonacci correction of the downward impulse from March. The breakout of this resistance area accelerated the active short-term impulse wave […]
GBPNZD: ⬆️ Buy – GBPNZD reversed from the support area – Likely to rise to resistance level 2.2600 GBPNZD currency pair recently reversed from the support area between the support level 2.2220, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from January. The upward reversal from this support area stopped […]
Microsoft: ⬆️ Buy – Microsoft rising inside impulse wave i – Likely to test resistance level 394.60 Microsoft continues to rise inside the minor impulse wave i which started earlier from the support area between the key support level 356.75 and the lower daily Bollinger Band. The active impulse wave i belongs to the c-wave […]
Adobe: ⬆️ Buy – Adobe reversed from the support zone – Likely to rise to the resistance level 376.40 Adobe recently reversed sharply from the support area between the key support level 335.00 (which has been reversing the price from the start of 2023) and the lower weekly Bollinger Band. This support area was further […]
Google: ⬆️ Buy – Google reversed from the support zone – Likely to rise to the resistance level 161.75 Google recently reversed sharply from the support zone between the long-term support level 147.30 (which has been reversing the price from September of 2024) and the lower daily Bollinger Band. The price previously broke the resistance […]
Solana: ⬆️ Buy – Solana broke resistance zone – Likely to rise to resistance level 176.45 Solana cryptocurrency recently broke the resistance zone between the key resistance level 145.75 (top of the previous correction A from March) and the 61.8% Fibonacci correction of the downward impulse from last month. The breakout of this resistance zone […]
Gold: ⬆️ Buy – Gold reversed from support area – Likely to rise to resistance level 3500.00 Gold recently reversed up from the support area between the upper trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse 3 from last month. The upward reversal from this support […]