Yuri Papshev / Blog
The S&P 500 remains in the long-term bull market zone. Above the important short-term support levels 4206.0, 4166.0, 4135.0, long positions in the S&P 500 are not in danger (see also "Fundamental Analysis and Recommendations" ) A breakdown of the local resistance level 4244...
The price dropped to the zone below the important resistance level 1.2180 (EMA200 on the 1-hour chart and the Fibonacci level of 50% upward correction in the wave of the pair's decline from 1...
Being in the zone below the important long-term resistance levels 1.2450, 1.2985, 1.2690, USD / CAD remains inclined to further decline amid strong fundamental factors, in fact, being in the bear market zone. A breakdown of the support level of 1...
GBP / USD maintains positive long-term dynamics, moving within the upward channels on the daily and weekly charts. Their upper border goes through the marks 1.4240 and 1.4830, respectively...
From a technical point of view, the breakdown of important short-term support levels 0.7744, 0.7730 creates preconditions for further decline. A breakdown of the support level of 0.7680 will strengthen the negative dynamics of AUD / USD and direct it towards the key support levels 0.7615, 0.7530...
In case of resumption of growth and after the breakdown of the local resistance level 1.2260, EUR / USD will head towards the upper border of the ascending channel on the weekly chart and the level of 1.2450. More distant growth targets are located at resistance levels 1.2500, 1...
GBP / USD maintains positive long-term dynamics, moving within the upward channel on the daily chart. Its upper border passes through the level of 1.4300 and after the breakdown of the local resistance level of 1.4240, this mark will become the closest target of the GBP / USD growth...
The price remains in the bull market zone, above the long-term support levels of 56.50, 57.90, 59.40 (Fibonacci level 61.8%) and short-term levels of 68.24, 67.40. A breakdown of the local resistance level of 70.30 will cause further price growth towards the local resistance levels of 71.82, 75...
In case of renewed growth, EUR / USD will head towards the upper border of the ascending channel on the weekly chart and the level of 1.2450. More distant growth targets are located at resistance levels 1.2500, 1.2580 (61.8% Fibonacci level and 2018 highs), 1...
Against the backdrop of rising inflation, Fed inaction and the prospect of further weakening of the dollar, the XAU / USD pair retains the potential for further growth (see "Fundamental Analysis and Recommendations" ) In this case, the targets will be the marks 1963.00, 1976...