Market analysis from FxPro
- Nvidia reversed from support zone - Likely to rise to resistance level 190.00 Nvidia recently reversed up from the support zone between the key support level 178.20 (which stopped the previous minor wave a, as can be seen from the daily Nvidia chart below), support trendline of the daily up channel from May and the 50% Fibonacci correction of the upward impulse...
- Google broke key resistance level 255.00 - Likely to rise to resistance level 270.00 Google broke above the key resistance level 255.00 (which stopped the previous impulse waves 3 and i, as can be seen from the daily Google chart below). The breakout of the resistance level 255.00 accelerated the active minor impulse wave 5 of the daily impulse sequence (1)...
- Ethereum reversed from support zone - Likely to rise to resistance level 4095,00 Ethereum cryptocurrency recently reversed up from the support zone between the strong support level 3745.00 (which reversed the price multiple times this month) and the 38.2% Fibonacci correction of the upward impulse from June. The upward reversal form this support zone is...
- EURUSD reversed from support zone - Likely to rise to resistance level 1.1740 EURUSD currency pair recently reversed up from the support area between the strong support level 1.1570 (which has been reversing the price from August), lower daily Bollinger Band and the support trendline of the daily up channel from July. The upward reversal form this support zone...
- Verizon falling inside sharp impulse wave 5 - Likely to reach support level 37.60 Verizon continues to fall inside the sharp downward impulse wave 5, which started earlier from the key resistance level 40.65 (former multi-month low from July) intersecting with the 38.2% Fibonacci correction of the downward impulse from the start of October. The active impulse...
- Tesla reversed from support area - Likely to rise to resistance level 467.30 Tesla recently reversed from the support area located between the key support level 415.60 (which has been reversing the price from the middle of September) and the lower daily Bollinger Band. This support area was further strengthened by the 38.2% Fibonacci correction of the upward...
- EURGBP reversed from support area - Likely to rise to resistance level 0.8735 EURGBP currency pair recently reversed from the support area located between the pivotal support level 0.8660 (which has been reversing the pair from the middle of September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese...
- USDJPY reversed from support area - Likely to rise to resistance level 153.40 USDJPY currency pair recently reversed from the support area located between the key support level 150.00 (former monthly high from September) and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from this support area created the daily Japanese...
- ZCash reversed from round resistance level 300.00 - Likely to fall to support level 240.00 ZCash cryptocurrency recently reversed down from the resistance area surrounding the round resistance level 300.00 (which stopped the previous impulse wave 1 at the start of October). The downward reversal from this resistance area formed the daily Japanese...
- Dash reversed from resistance level 60.00 - Likely to fall to support level 40.00 Dash cryptocurrency recently reversed down from the strong resistance level 60.00 (which has been repeatedly reversing the pair from the middle of 2022) – standing well above the upper weekly Bollinger Band. The downward reversal from the resistance level 60.00 formed the weekly...
- Toncoin reversed from resistance area - Likely to fall to round support level 2.0000 Toncoin cryptocurrency recently reversed down from the resistance area between the resistance level 2.4000 (which reversed the price at the start of October) and the lower trendline of the recently broken down channel from August. The downward reversal from this resistance...
- GBPCAD reversed from resistance area - Likely to fall to support level 1.8600 GBPCAD currency pair recently reversed down from the resistance area located between the resistance levels 1.8835 and 1.8900 (which has been reversing the price from June). The downward reversal from this resistance area formed the daily Japanese candlesticks reversal pattern Dark...
- Gold reversed from key resistance level 4370.00 - Likely to fall to support level 4000.00 Gold falling strongly after the price made 3rd failed attempt to break above the key resistance level 4370.00 standing well above the upper daily Bollinger Band. The downward reversal from the resistance level 4370.00 will form the daily Japanese candlesticks reversal...
- USDCHF reversed from support area - Likely to rise to resistance level 0.8050 USDCHF currency pair recently reversed from the support area between the powerful multi-month support level 0.7900 (which has been reversing the price from June) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks...
- XRP reversed from key support level 2.200 - Likely to rise to resistance level 2.650 XRP cryptocurrency recently reversed from the support area between the key support level 2.200, lower daily Bollinger Band and the support trendline of the daily down channel from July. The upward reversal from this support zone created the daily Japanese candlesticks...
- Amazon reversed from support level 210.00 - Likely to rise to resistance level 220.00 Amazon recently reversed from the support area between the key support level 210.00 (which has been reversing the price from June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from April The upward reversal from this support zone...
- FTSE 100 reversed from key support level 9330.00 - Likely to rise to resistance level 9600.00 FTSE 100 index recently reversed from the support area between the key support level 9330.00 (former strong resistance from August and September), 50% Fibonacci correction of the upward impulse from September and the lower weekly Bollinger Band. The upward reversal...
- EURCHF reversed from support area - Likely to rise to resistance level 0.9270 EURCHF currency pair recently reversed from the support area between the long-term support level 0.9210 (which has been reversing the price from the middle of 2024) and the lower weekly Bollinger Band. This support area also stopped the previous impulse waves 3, (1), 1 and c, as can...