Fedex recently broke through the multi-month resistance trendline which has been reversing the price from April of 2019 – as can be seen below.
The breakout of this resistance trendline continues the active short-term impulse wave C of the ABC correction (B) from last October.
Fedex is likely to rise further in the active waves C and (B) toward the next resistance level 163.90 (top of the previous wave (b)) – the breakout of which can lead to further gains toward 167.60 (top of the earlier correction A).
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- 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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