• Caterpillar reversed from support area
• Likely to rise to 155.00
Caterpillar recently reversed up sharply with the candlesticks reversal pattern Bullish Engulfing from the support area lying between the pivotal support level 145.00, lower daily Bollinger Band and the support trendline of the daily up channel from June.
The price is currently moving inside the short-term impulse wave 3 – which belongs to the medium-term impulse sequence (3) from August.
Given the clear uptrend – Caterpillar price is likely to rise toward the next resistance level 155.00 (which reversed the price multiple times in September).
- 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