• Copper broke support zone
• Likely to reach support level 390.00
Copper recently broke the support zone lying between support level 401.4 (low of the previous minor correction (a)) and the 50% Fibonacci retracement of the upward impulse from the start of February.
The breakout of this support zone accelerated the active minor impulse wave (c).
Copper is likely to fall further toward the next support level 390.00 (50-day moving average, target for the completion of the active impulse wave (c); this level stopped previous wave (4)).
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…
- 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…
This website uses cookies