• HSI50 broke daily down channel
• Likely to reach resistance level 29500.00
HSI50 index recently broke the resistance trendline of the daily down channel from the middle of February – accelerating the active intermediate impulse wave (5).
Wave (5) started earlier from the strong combined support zone surrounding the support level 28000.00 (low of the Bullish Engulfing from the end of January).
HSI50 is likely to rise further toward the next resistance level 29500.00 (top of the previous correction B from the middle of March).
- 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…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies