• GER50 reversed from support zone
• Likely to rise to resistance level 34000.00
GER50 index recently reversed up from the support zone located between the key support level 32120.00 (which stopped wave (C) in January) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Hammer reversal signal – which stopped the previous medium-term ABC correction (2).
Given the strength of the aforementioned support zone – GER50 can be expected to rise further toward the next resistance level 34000.00 (top of wave B from the start of February).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies