ElenaMayi

ElenaMayi

The price is attempting to trade above 2664, which may result in a rise to reach the upper boundary of the trend channel. However, this trend is expected to drive the price below 2664. As long as the price remains below this level, a bearish trend toward 2640 is anticipated. Conversely, breaking through the channel and stabilizing above it will confirm the...

ElenaMayi

The anticipated corrective rise is expected to approach the 2664 level or possibly the upper boundary of the prevailing trend channel, as these represent significant resistance zones. For today's trading session, price movements are likely to fluctuate between 2664 and 2640, with a stronger inclination toward a bearish trend. Our projection leans toward continued...

ElenaMayi

summary: Today we will be facing the bearish trend from the resistance of 75.47. For an uptrend to develop, the price must break above 75.47 to rise towards the 78.54 level. However, the bearish trend remains active as long as the price stabilizes below 75.47. This level is likely to push it toward 73.59 and below 71.57. Bullish target: 75.47, 78.54 Bearish...

ElenaMayi

Summary: The SPX price has stabilized below the zone of 5,938 and 5,997, which serves as a strong resistance area, supporting the bearish trend. Uptrend Side: A breakout above the 5,938 and 5,997 zone would need a 4-hour or daily candle to close above these levels to confirm the upward move. This is necessary because such a close would provide confirmation that...

ElenaMayi

Summary: The US NAS100 is currently trading within a critical range between 21,615 and 21,215. It is advisable to wait for a decisive breakout in either direction before determining the market's next move. However, the prevailing sentiment suggests a higher likelihood of a bearish trend. Uptrend Side: A breakout above the resistance level of 21,615 requires a...

ElenaMayi

The corrective rise we previously mentioned is expected to reach the 2664 level or potentially the upper boundary of the trend channel. For today, the price is likely to fluctuate between 2664 and 2640, with a stronger inclination toward a bearish trend. We anticipate that the price will continue its bearish movement as long as it remains below 2664, potentially...

ElenaMayi

Generally, the direction is an uptrend. Uptrend Side: The chart has reversed to a bullish trend and is currently trading around the resistance level of 21,615. If the price can break this level on the 1-hour candle, we should prepare for a potential move toward higher levels. Initially, the price is expected to rise and test the 21,760 level. Once this level is...

ElenaMayi Updated 

the price reversed to the strong confirmation zone, we expect it will touch 1.0450 and then decline. Generally, the direction is a downtrend in the same zone in the same scenario. Uptrend Side: The price is still trading within the bearish channel, having declined and stabilized below 1.0450. For a rise to occur, the price must break above this level to reach...

ElenaMayi Updated 

Gold prices inched higher on Monday, supported by a softer dollar, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve’s interest rate stance. Generally, the direction is a downtrend Uptrend Side: For a bullish trend to be established, a breakout above the 2640–2664 zone...

ElenaMayi

Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing’s economic stimulus measures. Generally, the direction is uptrend Uptrend Side: The price has stabilized above 73.59, thereby enhancing the likelihood of a bullish scenario toward 75.47. If this...

ElenaMayi

The U.S. NAS100 index has stabilized within the range of 21,215 to 20,900. The 20,900 level serves as a critical resistance point, indicating strong bearish pressure if the price remains below this level. A break below 20,900 could lead to a deeper decline toward the 20,540 and 20,190 levels. However, before initiating this bearish move, the price may undergo a...

ElenaMayi

The corrective rise we previously mentioned is expected to reach the 2664 level or potentially the upper boundary of the trend channel. For today, the price is likely to fluctuate between 2664 and 2640, with a stronger inclination toward a bearish trend. We anticipate that the price will continue its bearish movement as long as it remains below 2664, potentially...

ElenaMayi

Generally, the direction is downtrend The bullish correction is expected to drive the price toward the 1.0350 level. Today, we anticipate the price will test the resistance before declining again toward 1.0350. A break below this level could potentially lead the price into a more stable zone. At present, the price is trading within two consolidation zones....

ElenaMayi Updated 

After a prolonged and strong attempt, the price successfully broke the 1.0350 support level, confirming the continuation of the bearish trend in the upcoming sessions. A 4-hour candle close below this level will further reinforce the bearish momentum, driving the price toward 1.0300. Should it fall below this level, the next target will be 1.0218. The bullish...

ElenaMayi Updated 

Generally, the direction is an uptrend. Currently, the price is trying to break the resistance of 71.57. Any breaking below this level will be an uptrend until 73.59 and above it 75.47. However, trading below 71.57 will be more between this level and the support of 70.50, but if it breaks 70.50 again, the price will consolidate between this level and the support...

ElenaMayi Updated 

Generally, the direction is a downtrend Uptrend Side: To maintain the bullish trend, the price must remain within the bullish channel and stabilize above 21,215. Additionally, it is crucial to breach the range between 21,415 and 21,615 to further confirm the uptrend. However, if the price remains below this barrier, the bearish trend will persist, particularly if...

ElenaMayi

Generally, the direction is an uptrend All price attempts are directed toward breaking and stabilizing above the 2,640 resistance level. Successfully surpassing this level would likely lead to a retest of the price point that was lost two weeks ago. However, if the price breaks above it, there remains the possibility of another decline in the upper boundary of...

ElenaMayi

Gold prices rose slightly in trading on Tuesday, the last trading day of an eventful year, as the yellow metal achieved its best annual performance in more than a decade. Summary: The price may rise to 2623, undergo a correction, and subsequently initiate a bearish trend. Generally, the direction is a downtrend. Downtrend Perspective: Should trading persist...