• Amazon reversed from pivotal resistance level 3425.00
• Likely to fall to support level 3320.00
Amazon earlier reversed down from the pivotal resistance level 3425.00 (former monthly high from February) – strengthened by the upper daily Bollinger Band.
The downward reversal from the resistance level 3425.00 created the daily Shooting Star earlier this month – and can create the same pattern if Amazon closes near the current levels today.
Given the overbought daily Stochastic – Amazon is likely to fall further toward the next support level 3320.00 (low of the previous corrective wave (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
