• MDAX reversed from key resistance level 24350.00
• Likely to fall to support level 23000.00
MDAX index recently reversed down from the key resistance level 24350.00 (former support from the start of September), intersecting with the 61.8% Fibonacci correction of the downward impulse from September.
The downward reversal from the resistance level 24350.00 stopped the earlier upward corrective wave (ii) from the start of October.
Given the prevailing downtrend and the strength of the resistance level 24350.00, MDAX can be expected to fall further toward the next support level 23000.00.
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies