FxProGlobal

FxProGlobal

- USDCAD reversed from the long-term resistance level 1.4670 - Likely to correct to support level 1.4400 USDCAD currency pair recently reversed down from the major long-term resistance level 1.4670, which stopped the previous sharp uptrend at the start of 2020, as can be seen from the weekly USDCAD chart below. The resistance level was further strengthened by...

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- Solana reversed from the support zone - Likely to rise to the resistance level 220.00 Solana cryptocurrency recently reversed up from the support zone located between the pivotal support level 180.000 (which has been reversing the price from the middle of December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from...

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- AT&T reversed from long-term resistance level 25.00 - Likely to fall to support level 23.00. AT&T is under the bearish pressure after the price failed to break above the long-term resistance level 25.00 (which has been reversing the price from the start of 2020), standing above the upper weekly Bollinger Band. The downward reversal from the resistance level...

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- Dow Jones reversed from strong resistance level 45000.00 - Likely to fall to support level 44235.00 Dow Jones index today reversed down from the resistance area located between the strong resistance level 45000.00 (which stopped the previous multi-month uptrend in November) and the upper daily Bollinger Band. The downward reversal from this resistance area...

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- Gold broke resistance area - Likely to rise to resistance level 2789.00 Gold recently broke the resistance area located between the key resistance level 2789.00 (which stopped the previous sharp impulse wave (3) in October) and the resistance trendline of the daily up channel from November. The breakout of the resistance level 2789.00 accelerated the active...

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- GBPUSD reversed from the key resistance level 1.2500 - Likely to fall to support level at 1.2300 The GBPUSD currency pair recently reversed down from the key resistance level 1.2500 (the former monthly low from November, which is acting as resistance now after being broken previously). The resistance level 1.2500 was strengthened by the upper daily Bollinger...

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- IBM opened with a sharp upward gap - Likely to rise to the resistance level 260.00 IBM today opened with the sharp upward gap which broke the resistance zone between the resistance level 239.00 (top of wave 3 from December) and the resistance trendline of the two up channels from November of 2024 and May of 2023. The breakout of this resistance zone...

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- Morgan Stanley is rising inside impulse wave iv - Likely to rise to the resistance level of 145.00 Morgan Stanley continues to rise inside the minor impulse wave iv, which started earlier from the key support level of 135.00 (the former monthly high from November), acting as support after it was broken earlier. The active impulse wave iv belongs to the...

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- FTSE 100 Index broke resistance level 8450.00 - Likely to rise to resistance level 8800.00 FTSE 100 Index rising strongly after the earlier breakout of the resistance level 8450.00, which is the upper border of the weekly sideways price range inside which the index has been trading from the start of 2024. The price briefly corrected back to the price level...

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- Ethereum reversed from support zone - Likely to rise to resistance level 3340.00 Ethereum cryptocurrency recently reversed up strong from the support zone located between the round support level 3000.00 (which has been reversing the price from November), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November. The...

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- Dogecoin reversed from strong support level 0.3040 - Likely to rise to resistance level 0.3565 Dogecoin cryptocurrency recently reversed up from the strong support level 0.3040 (which has been repeatedly reversing the price from December) intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from...

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- DAX broke the key resistance level 21500.00 - Likely to rise to resistance level 22000.00 DAX index recently broke the key resistance level 21500.00 – which stopped the previous minor impulse wave i earlier this month. The price earlier reversed up from the upper trendline of the daily up channel from August (which is acting as the support after it was...

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- GBPAUD rising inside impulse wave 3 - Likely to rise to resistance level 2.0100 GBPAUD currency pair continues to rise inside the minor impulse wave 3, which started earlier from the key support level 1.9600 – which reversed the price for 5 consecutive days. The support level 1.9600 was strengthened by the lower daily Bollinger Band and by the 61.8%...

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- USDCHF reversed from round support level 0.9000 - Likely to rise to resistance level 0.9100 USDCHF currency pair recently reversed up from the round support level 0.9000 (which has been reversing the price from the end of December) intersecting with the lower daily Bollinger Band. The support level 0.9000 was further strengthened by the support trendline of...

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- Alibaba broke resistance zone - Likely to rise to resistance level 100.00 Alibaba recently broke the resistance zone between the resistance level 93.50 (a former yearly high from December) and the 61.8% Fibonacci correction of the downward impulse from November. The breakout of this resistance zone accelerated active impulse wave 3, which has been part of the...

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- Baidu continues weekly upward correction - Likely to rise to resistance level 95.00 Baidu continues to rise strongly inside the upward correction which started earlier from the major multi-year support level 80.00 (which has been reversing the price from 2022). The upward reversal from the support level 80.00 created the weekly Japanese candlesticks reversal...

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- Nasdaq-100 reversed from support zone - Likely to rise to resistance level 22000.00 Nasdaq-100 index recently reversed up from the support zone set between the key support level .00 (which has been reversing the index from December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November. The upward reversal from...

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- AUDUSD reversed from the resistance zone - Likely to fall to support level 0.6200 AUDUSD currency pair recently reversed down from the resistance zone between the pivotal resistance level 0.6300 (former powerful support from the end of 2023) and the 50% Fibonacci correction of the downward impulse from November. The downward reversal from this resistance...