Market analysis from FxPro
- Palladium reversed from long-term resistance level 1600.00 - Likely to fall to support level 1500.00 Palladium recently reversed down from the long-term resistance level 1600.00 (former strong support from 2020 and 2021, acting as resistance after it was broken at the start of 2023, as can be seen below). The resistance level 1600.00 was strengthened by the...
- WTI crude oil reversed from strong support level 56.00 - Likely to rise to resistance level 58.00 WTI crude oil recently reversed from the support area between the strong support level 56.00 (which reversed the price in April and May, as can be seen below) and the lower daily Bollinger Band. This support area was further strengthened by the support trendline...
- Stellar reversed from strong resistance level 0.3515 - Likely to fall to support level 0.3000 Stellar cryptocurrency recently reversed down from the strong resistance level 0.3515 (former strong support from August and September, acting as resistance after it was broken recently). The resistance level 0.3515 was strengthened by the 78.6% Fibonacci...
- CADCHF broke support level 0.5700 - Likely to fall to support level 0.5600 CADCHF currency pair recently broke below the pivotal support level 0.5700 (which has been reversing the pair from the middle of September). The breakout of the support level 0.5700 accelerated the active downward impulse wave iii of the impulse of the intermediate impulse wave (3)...
- Bank of America reversed from resistance zone - Likely to fall to support level 49.00 Bank of America recently reversed from the resistance area between the key resistance level 52.65 (which stopped the sharp uptrend in September) and the upper daily Bollinger Band. The downward reversal from resistance zone created the daily Japanese candlesticks reversal...
- USDCHF reversed from resistance zone - Likely to fall to support level 0.7865 USDCHF currency pair recently reversed from the resistance zone between the pivotal resistance level 0.8055 (which has been reversing the price from August) and the upper daily Bollinger Band. This resistance zone was further strengthened by the resistance trendline of the daily...
- Dow Jones reversed from support zone - Likely to rise to resistance level 47000.00 Dow Jones index recently reversed up from the support zone between the key support level 45470.00 (former resistance from August), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from August. The upward reversal from this support zone...
- GBPCHF reversed from support zone - Likely to rise to resistance level 1.0750 GBPCHF currency pair recently reversed from the support zone between the strong long-term support level 1.0665 (which has been reversing the price from April) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous short-term ABC...
- Barclays reversed from key support level 87.00 - Likely to rise to resistance level 94.20 Ebay recently reversed from the support area between the key support level 87.00 (lower boundary of the sideways price range from August), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from June. The upward reversal from this support...
- American Express broke daily down channel - Likely to rise to resistance level 340.00 American Express recently broke the daily down channel from the end of September (which encloses the earlier ABC correction ii). The breakout of this down channel accelerated the active impulse wave iii – which started earlier from the strong support level 320.00. Given...
EURCAD: ⬆️ Buy - EURCAD reversed the support level 1.6200 - Likely to rise to resistance level 1.6365 EURCAD currency pair recently reversed up from the support level 1.6200 (former monthly high from August, which has been reversing the price from the start of September, as can be seen below). The support level 1.6200 was strengthened by the lower daily...
- Barclays reversed from support area - Likely to rise to resistance level 386.5 Barclays recently reversed up from the support area between the pivotal support level 370.00 (which has been reversing the price from August), lower daily Bollinger Band and the support trendline of the daily down channel from September. The upward reversal from this support area...
- Silver broke round resistance level 50.00 - Likely to rise to resistance level 54.00. Silver continues to rise strongly after the price broke the round resistance level 50.00 intersecting with the resistance trendline of the sharp daily up channel from September. The price has been breaking through 3 progressively steeper upward channels – which signals the...
- Solana reversed from key support level 150.00 - Likely to rise to resistance level 210.00 Solana recently reversed up sharply from the key support level 150.00, which has been reversing the price from July, as can be seen below. The upward reversal from the support level 150.00 stopped the earlier sharp downward ABC correction 2 from September. Given the...
- Gold broke resistance zone - Likely to rise to resistance level 4200.00 Gold recently broke the resistance zone between the key resistance level 4060.00 (which stopped the previous impulse wave i) and the resistance trendline of the daily up channel from August. The breakout of this resistance zone accelerated the active impulse waves 5 and (3). Given the...
- Ethereum reversed from the support zone - Likely to rise to resistance level 4400.00. Ethereum cryptocurrency recently reversed up from the support zone between the key support level 3400.00 (which also reversed the price in August), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from June. The upward reversal from this...
- AUDUSD broke support level 0.6525 - Likely to fall to support level 0.6410 AUDUSD currency pair recently broke the support zone between the support level 0.6525 (low of wave (1) from September), 61.8% Fibonacci correction of the upward impulse (C) from August and the support trendline from April. The breakout of this support zone accelerated the active...
- NZDUSD broke support zone - Likely to fall to support level 0.5660 NZDUSD currency pair recently broke the support zone between the support level 0.5750 (which reversed the price in September) and the support trendline of the daily down channel from June. The breakout of this support zone should accelerate the active impulse waves 3 and (C). NZDUSD currency...