– Alcoa reversed from support level 34.00
,- Likely to rise to resistance level 34.80
Alcoa recently reversed up with the daily Hammer from the pivotal support level 34.00, which stopped the previous sharp downtrend in May as can be seen below.
The support zone near the support level 34.00 was further strengthened by the lower daily Bollinger Band,
Given the strength of the support level 34.00, Alcoa can be expected to rise further toward the next resistance level 34.80 (top of the earlier minor correction (ii)).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies