The FTSE 100 index is likely to fall to support level 7600.00 after reversing from resistance level 7750.00.
The latest technical analysis for major currency pairs, metals, commodities, and cryptocurrencies.
AUDJPY broke above key resistance 97.60 and is likely to rise to 98.65 due to uptrend and weak yen.
Silver can be expected to fall further toward the next support level 22.900 (former top of eave (b) from last week,
Gold’s rebound from 1990.00 support suggests an upward move to 2020.00 resistance amid bullish sentiment.
GBPCHF currency pair can be expected to fall further toward the next support level 1.1050 (former resistance which stopped wave (1) last month).
Bitcoin surged past the crucial $50,000 resistance, fueling a potential rally towards $55,000, fueled by the breakout of a key uptrend channel and positive market sentiment.
EURCHF currency pair today broke the key resistance level 0.9470 (which formed the top of wave A of the active ABC correction (2) from the end of December).
Gold can be expected to fall toward the next support level 1980.00 (previous monthly low from the end of last year).
WTI crude oil under the bullish pressure after the price reversed up from the major, multi month support level 70.00.
Bitcoin cryptocurrency can be expected to extend the gains toward the next resistance level 48000.00 (which stopped waves 3 and 5 in January and the target price for the completion of the active impulse wave (3)).
Ethereum cryptocurrency can be expected to rise further toward the next resistance level 2500.00 (which is the target price for the completion of the active wave B).
USDCAD currency pair today reversed down sharply from the powerful resistance zone lying at the intersection of the pivotal resistance level 1.3530, upper daily Bollinger Band and the exact level of the 50% Fibonacci correction of the previous sharp downward ABC correction (2) from November.