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S&P 500 reversed from support level 5000.00 Likely to rise to resistance level 5300.00 S&P 500 index recently reversed up from the support zone lying between the round support level 5000.00 (which also stopped the previous correction (2)), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from January. The upward […]

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30/01/2024

Euro Steady Despite German GDP Decline

The euro has edged higher on Tuesday. In the European session, EUR/USD is trading at 1.0850, up 0.16%. German GDP declines by 0.2% Germany, the largest economy in the eurozone, continues to weigh on the bloc with its weak economy. Germany’s GDP declined by 0.3% q/q in the fourth quarter, matching the consensus estimate. Third-quarter […]
22/07/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance area Likely to fall to support level 172.95 GBPUSD currency pair earlier reversed down from the resistance area located between the key resistance level 1.3060 (which stopped the multi-month uptrend in July) and the upper weekly Bollinger Band. The downward reversal from this resistance area stopped the previous weekly impulse wave […]
10/09/2024

US 500 Index Halts Decline, But Will It Pivot?

US 500 stock index pauses decline near 100-SMA, but negative risks remain Breaking above 5,600 could positively impact buying sentiment The US 500 stock index maintained support close to its 100-day simple moving average (SMA) for a second consecutive day, raising hopes that the current bearish phase may soon diminish. From a technical perspective, there are still some […]