Technical analysis - Page 337

• Cisco falling inside impulse wave (3)• Likely to fall to 43.60 Cisco has been falling in the last few trading sessions after the price reversed down from the lower trendline of the recently broken daily up channel from March.

The U.S. saw a record number of new coronavirus cases in a single day, with 45,557 diagnoses reported Wednesday, according to a tally by NBC News. Wednesday’s cases top the previous highest daily count from April 26 — during the.

• Brent crude oil reversed from resistance area • Likely to fall to level 37.50 Brent crude oil today reversed down from the resistance area lying at the intersection of the resistance level 43.30 (top of the previous wave (A)),.

• AUDCAD reversed from resistance level 0.9415 • Likely to fall to 0.9300 AUDCAD recently reversed down from the resistance area set between the resistance level 0.9415 (which stopped the earlier waves (A) and B) and the upper daily Bollinger.

• USDJPY reversed from support area • Likely to rise 107.60 USDJPY recently reversed up from the support area between the key support level 106.00 (monthly low from May), lower daily Bollinger band and the 50% Fibonacci retracement of the.

• Alibaba reversed from resistance level 230.00 • Likely to fall to 220.00 Alibaba group recently reversed down from the multi-month resistance level 230.00 (which stopped the extended daily uptrend at the start of this year) – strengthened by the.

• Silver reversed from support zone• Likely to rise 18.35 Silver recently reversed up from the support area lying at the intersection of the key support level 17.00 (multi-candle low from the end of May), lower daily Bollinger band and.

• AUDUSD reversed from support zone• Likely to rise 0.7030 AUDUSD recently reversed up from the support area lying at the intersection of the pivotal support level 0.6800 (which also reversed the price earlier this month), support trendline of the.

• EURUSD reversed from support zone• Likely to rise 1.1400 EURUSD recently reversed up from the support zone lying between the support level 1.1200 and the 38.2% Fibonacci retracement of the previous upward impulse from the middle of May. The.

• Costco rising inside impulse wave (3)• Likely to rise 310.00 Costco recently reversed up sharply from the key support area between the pivotal support level 295.00 (monthly low fr0m May), lower daily Bollinger band and the 50% Fibonacci correction.

The start of this week marks a clear contrast from last Monday. Concerns over coronavirus have faded and with it stock market volatility. Overall conditions on stocks futures remain uncertain, yet more stable compared to seven days ago. With that,.

Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus. But American equities are in.