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S&P 500 broke key resistance level 5670.00 Likely to rise to resistance level 5800.00 S&P 500 index today broke above the key resistance level 5670.00 (which stopped the previous impulse waves (5) and (1), as can be seen below). The breakout of the resistance level 5670.00 continues the active intermediate impulse wave (3) from the […]

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04/09/2024

Canadian Dollar Steady Ahead of BoC Decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today. The BoC is expected to lower […]
25/03/2024

Bitcoin Price Recovered over the Weekend, But Market Anxiety Remains

From the point of view of technical analysis of BTC/USD, on Friday evening the price of Bitcoin was near the lower boundary of the ascending channel (shown in blue). This was alarming as it indicated that the market action could result in a weekly bearish candle forming with the price of BTC down by around […]
26/06/2024

GBPCHF Wave Analysis

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