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Silver reversed from support zone Likely to rise to resistance level 35.00 Silver recently reversed up from the support zone located between the key support level 33.00 (which stopped wave 1 last month) and the 38.2% Fibonacci correction of the upward impulse from the start of October. The support level 33.00 was further strengthened by […]

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22/12/2023

EURCHF Wave Analysis

EURCHF reversed from key support level 0.9410 Likely to rise to resistance level 0.9500 EURCHF currency pair recently reversed up from the key support level 0.9410 (which has been reversing the price from the middle of October). The support level 0.9410 was strengthened by the intersecting lower daily Bollinger Band. Given the oversold daily Stochastic, […]
25/04/2024

EURGBP Wave Analysis

EURGBP reversed from resistance level 0.8625 Likely to fall to support level 0.8550 EURGBP currency pair recently reversed down from the key resistance level 0.8625, which has been reversing the price from January, intersecting with the 50% Fibonacci correction of the previous downward impulse from November. The downward reversal from the resistance level 0.8625 created […]
11/01/2024

GBP/USD Flat Ahead of US Inflation Data

US CPI expected to edge higher to 3.2% UK GDP projected to rebound to 0.2% The British pound is unchanged on Thursday, trading at 1.2741 in Europe. We could see some movement from the pound in the North American session following the release of the US inflation report. On Friday, the UK releases GDP, which […]