Financial data analysis graph showing stock market trends on a trading board. Horizontal composition with copy space and selective focus.
• IBEX 35 reversed from powerful resistance area
• Likely to test support level 8000.00
IBEX 35 index recently reversed down from the powerful resistance area lying between the key resistance level 8406.5 (former monthly high from January) and the upper daily Bollinger Band.
This resistance area was further strengthened by the 61.8% Fibonacci correction level of the previous sharp downward impulse from February to March of 2020.
IBEX 35 index is likely to fall further toward the next round support level 8000.00 (top of the previous 2 corrections (b) and (ii)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies