Categories: Technical analysis

NVIDIA Wave Analysis 7 June 2024

– NVIDIA under the bullish pressure

– Likely to test resistance level 1250.00,

NVIDIA under the bullish pressure after the earlier breakout of the resistance level 1150.00 (which stopped the previous impulse wave (3)).

The breakout of the resistance level 1150.00 accelerated the active intermediate impulse wave (5).

Given the strength the active uptrend, NVIDIA be expected to rise further to the next resistance level 1250.00, which reversed the price at the start of June.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: Nvidia

Recent Posts

Pro News Video: Dollar Surges, GBP & EUR Under Pressure, Crypto Hits New Heights

This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…

2 days ago

Key Events for the Week From November 18th

Next week, several countries including Canada, the UK, and Japan will release their estimates of…

2 days ago

A Heavy Gold: Investors Taking Profits

Investors have been selling off gold, with this week's drop being the largest in three…

2 days ago

Hang Seng meltdown

The Hang Seng Index has fallen 20% from its peak, marking the start of a…

2 days ago

SP500 quiet correction

The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…

2 days ago

The third day of Crypto cooling off

The crypto market has continued to cool down for the third day, with a 1.7%…

3 days ago

This website uses cookies