• Amazon reversed from key resistance level 103.20
• Likely to fall to support level 86.70
Amazon recently reversed down from the key resistance level 103.20 (former strong support from May and June), intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from October.
The downward reversal from the resistance level 103.20 stopped the earlier short-term corrective wave 4.
Given the clear daily downtrend, Amazon can be expected to fall further toward the next support level 86.70.
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
This website uses cookies