Citigroup recently broke the major long-term support level 50.00 (which stopped the earlier weekly downtrend at the end of 201 as can be seen from the weekly Citigroup chart below).
The breakout of the support level 50.00 continues the active weekly downward impulse wave (C) – which started earlier from the major resistance level 80.00.
Citigroup is likely to fall further toward the next round support level 40.00 (former support from the middle of 2016 and the likely price for the completion of the active impulse wave (C)).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies
