• Dow Jones reversed from support level 31800.00
• Likely to rise to resistance level 32500.00
Dow Jones recently reversed up from the key support level 31800.00 (previous monthly low from November) intersecting with the lower daily Bollinger Band.
The support level 31800.00 was further strengthened by the support trendline of the wide down channel from December and the 50% Fibonacci correction of the upward impulse from October.
Dow Jones can be expected to rise further toward the next resistance level 32500.00 (former monthly low from December and February).
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
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