– Amazon reversed from support level 126.40
– Likely to rise to resistance at 133.75
Amazon recently reversed up from the key, multi-month support level 126.40, former resistance from June, which has been reversing the price from the start of June.
The support level 126.40 was strengthened by the intersecting lower daily Bollinger Band, support trendline of the daily up channel from March and the 38.2% Fibonacci correction of the upward impulse from May.
Given the clear daily uptrend, Amazon can be expected to rise further toward the next resistance at 133.75.
Middle East tensions and Venezuelan supply shifts drive Brent crude volatility, with geopolitical risks and…
Crypto market edges up as risk appetite returns; Bitcoin and Ethereum recover, despite investor caution…
The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…
Today is Tuesday, the 13th of January, and we will talk about the natural gas…
Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…
EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…
This website uses cookies