AbansGlobalLimited

AbansGlobalLimited

EURUSD continue to probe resistance around 1.1900 handle, as it trades close to 1.1886 mark for the moment. The structure is pretty clear with potential top in place around 1.2010 levels. Furthermore the drop through 1.1754 was an impulse, which is being retraced for now. Potential Wave 2 might be in place already around 1.1914 last week and if it is correct, we...

AbansGlobalLimited

SPX500 has confirmed a major top in place around 3588 levels early this month. Further bears have registered themselves by breaking below 3350 support. The indice can produce a counter trend rally towards 3480 mark, which is close to fibonacci 0.618 retracement of the recent drop between 3588 and 3300 respectively. Potential Wave 1 could be in place around 3300,...

AbansGlobalLimited

US Dollar Index has carved a meaningful bottom around 91.75 levels. Bulls have registered themselves by taking out resistance at 93.50 mark as well. Wave 1 seems to be in place around 93.65 levels and Wave 2 is in progress. It is expected to terminate around fibonacci 0.618 retracement at 92.30/40 zone. Once complete, we should see a sharp rally towards 94.50 and...

AbansGlobalLimited

EURUSD has confirmed a potential top around 1.2010 levels after breaking below 1.1754 support. Furthermore, a potential corrective wave seems to have been complete at 1.1914 over the last week. Also note the above is fibonacci 0.618 retracement of the drop between 1.2010 and 1.1754 respectively. Probability remains high for a turn lower from here or from around...

AbansGlobalLimited

Dow Jones has finally reversed after carving a lower high around 29200 over the last week. The indice has broken its immediate support at 27500 and should be looking to continue pushing lower. Any intraday rallies should remain well capped below 29200 mark and resume lower towards 25000, 23000 and beyond over the next several weeks. The larger degree wave...

AbansGlobalLimited

US Dollar Index might still be progressing into its corrective drop, which could terminate around 92.30/40 levels. Please note it is also the fibonacci 0.618 retracement of the entire rally between 91.75 and 93.65 respectively. The short term wave structure suggests that Wave 1 is in place around 93.65 and Wave 2 is underway towards 92.30/40 levels respectively....

AbansGlobalLimited

EURUSD bulls had pushed prices to 1.1914/20 levels yesterday, which is fibonacci 0.618 retracement of the earlier drop between 1.2010 and 1.1754 respectively. Probable wave counts might be suggesting that a lower degree Wave 1 and 2 might be in place at 1.1754 and 1.1920 respectively. Alternately Wave 2 could push through 1.1965 levels, the fibonacci 0.786...

AbansGlobalLimited

SPX500 has reversed sharply from 3588 handle over the last week. The indice might have managed to carve a lower degree impulse wave around 3300 levels. The immediate support trend line has also broken and it would act as resistance, going forward. Any intraday rallies should be well capped around 3480 levels, which is fibonacci 0.618 retracement of the above drop....

AbansGlobalLimited

US Dollar Index is progressing lower towards Wave 2 termination around 92.30/40 levels. The index has managed to complete an impulse rally between 91.75 and 93.65 earlier, confirming a major bottom in place and that bulls are in control. The corrective wave might find interim support around 92.90/93.00 levels in the near term. Expect slight pullback before...

AbansGlobalLimited

EURUSD trades 1.1830 for now, after printing 1.1754 yesterday. The currency confirms a major top in place around 1.2010 and also Wave 1 termination. The fibonacci 0.618 retracement is seen towards 1.1920/30 zone and ideally Wave 2 would be pushing towards that mark. Once complete, EURUSD should reverse lower again as Wave 3 unfolds. The currency remains in control...

AbansGlobalLimited

SPX500 continued its drop yesterday to print fresh lows around 3329 mark (spot). The indice has finally managed to clearly take out initial support around 3350 levels. If a lower degree impulse is complete, we should witness a sharp counter trend rally towards 3450/3500 mark from here. Also note that SPX500 has broken below its trend lone support since March 2020....

AbansGlobalLimited

US Dollar Index has pushed through 93.50 resistance, confirming a meaningful bottom in place at 91.75 handle. Also note that a lower degree Wave 1 might be complete from 91.75 through 93.60 mark respectively. If the above holds, the US Dollar Index might be heading lower towards 92.30/50 mark, to produce a similar degree Wave 2. Also note that fibonacci 0.618...

AbansGlobalLimited

EURUSD has dropped to 1.1757, just shy by a few pips to take out support at 1.1750/54. Believe it or not, the counter trend rally should resume anytime and push through 1.1900/20 mark. Lower degree wave counts suggest that Wave 1 might be ready around 1.1750/55 handle. If that is correct, Wave 2 corrective rally could resume higher through 1.1900/20 unfolding into...

AbansGlobalLimited

GBPUSD has taken out previous lower degree Wave 4 around 1.3050 today. The currency might have completed its impulse drop between 1.3482 and 1.3040/50 levels respectively. High probability remains for a counter trend rally to push towards 1.3300/10 from here. Also note that fibonacci 0.618 retracement of the above drop is seen through 1.3300/10 and hence...

AbansGlobalLimited

US Dollar Index continues to push higher as bulls remain poised to clear 93.50 initial resistance. This would register their presence and confirm a meaningful bottom in place around $91.75 levels. Also note that the first potential impulse wave would also be complete as bulls take out 93.50 from here. As a general guideline, US Dollar Index would be preparing to...

AbansGlobalLimited

EURUSD has dropped lower through 1.1778 levels today. The currency might break below 1.1754 first, before reversing. The drop from 1.2010 looks complete as an impulse as fresh lows are carved. If the above is correct, we should see a counter trend materialize soon towards 1.1900 handle if not higher. The fibonacci resistance of entire drop between 1.2010 and...

AbansGlobalLimited

Dow Jones seems to have finally carved a potential top around 29200 levels. The indice had sharply reversed on Friday and nearly broke below initial support around 27500, before pulling back again. A counter trend rally cannot be ruled out from here and 28600/700 levels should be watched for any bearish bounce. Dow Jones keeps the bearish structure intact as...

AbansGlobalLimited

US Dollar Index had managed to push through 93.24 levels on Friday, but could not push through 93.50 initial resistance. The indice might be looking to complete its rally by breaking above 93.50 mark before producing a meaningful pullback. It will also confirm a meaningful bottom in place around 91.75 and that bulls are back in control. We would be looking for...