This week could be critical for the direction of the commodity because a close below 92 $/barrel could attract more selling pressure.
just above this level there are the 200 day SMA and a static support at 93.31. Only a consolidation above 100 $/barrel would trigger more momentum. Intraday volatility is expected to remain high as the candlesticks keep showing an...
The index had lost 34% from its record high on Nov 2021 before to rebound near the second half of June. Nasdaq100 rose 12% from the bottom and managed to close above the 23.6% Fibonacci retracement. Next significant resistance would be at 13,210 , or a 6.3% price increase from current levels. The development of a channel gives more technical alerts regarding the...
The monthly chart provides an extensive amount of information that combined with a shorter time frame, could provide more meaningful tactical positioning.
In this case, the pair found resistance against the top reached on December 2015, but managed to rise above the 61.8% Fibonacci level
103.55 of the Nov 2007 - Jan 2009 downtrend. A consolidation above 106.5 is...
Gold found support on the multiple bottom near 1,670. This level is also above 30$ the 200 weeks MA. The combination of a static and dynamic price levels, the most significant buy levels on a weekly charts, generated buying activity that could continue to 1,800 $/oz. Necessary to see a healthy development of higher highs and lows to attract more technical bullish...
The 200SMA and the static price level where the gap was opened increased selling pressure and prices reduced their daily range compared the volatility seen last month.
below the most recent low 3.6 Natgas could drop to test its 61.8% Fibonacci retracement near 3.42.
If a breakout above 4 will materialize then is likely to see a rally to test its 21SMA and...
It seems that fundamentals were fully discounted as Wednesday price activity was quite moderate in its recent daily range.
The possibility that EURUSD found a valid support in in area 1.12 would gain positive sentiment in case of a breakout of the dynamic intermediate bearish trendline.
Short term bullish activity could increase given the activity of coverage...
Bitcoin daily chart finding support on its 200SMA in area 46,900 after the drop that tested successfully its 61.8% Fibonacci retracement of the July-November uptrend.
The 04th December candlestick looks bullish given its large shade, but prices made a pullback on the broken bullish trendline.
Possibility of further price compression and development of congestion...
Facebook is testing its medium term demand line and trying to trade above the 61.8% Fibonacci retracement. Beneath the bullish trendline shares could test area 170 and above 177 there is a very relevant dynamic test, the 200 day MA.
The pair could not break the supply line that links lower highs and 19 area is a congestion of multiple resistances, both static and dynamic. USDMXN made 3 consecutive spikes as it could not close above its 200 day MA. At the same level there is also the 61.8% Fibonacci retracement. It is possible to retest its 2018 low at 17.92 and in case USDMXN would make a...
