Dollar squeezes competitors out
#GBP declined past eleven of the last 12 trading sessions
#SPX grew around 0.8% on Tuesday but struggle to rise further on Wednesday morning
#EUR develops a downtrend, showing the 8th day of intraday lower lows and highs
#Tesla stocks declined below $200 on Monday and Tuesday
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#GBP declined past eleven of the last 12 trading sessions
#SPX grew around 0.8% on Tuesday but struggle to rise further on Wednesday morning
#EUR develops a downtrend, showing the 8th day of intraday lower lows and highs
#Tesla stocks declined below $200 on Monday and Tuesday
Read more in FxPro Markets review
Markets shrug off fears of the spread of coronavirus. Influence on markets is becoming more selective (at the level of companies and sectors, rather than the overall risk-off).
Now focus of market participants turns to monetary policy and possible changes in the tone of the Fed's comments later this evening. Against this background, the #USD is experiencing some traction to the detriment of so-called yielding currencies.
Yesterday after market close #Apple and several other companies issued robust earnings reports, which supported the demand for risks. Later Today, AT&T, #Boeing, #McDonalds, #MasterCard report before the US market open. After its close, #Microsoft, #Facebook, #Tesla and many more will present their quarterly results.
Now focus of market participants turns to monetary policy and possible changes in the tone of the Fed's comments later this evening. Against this background, the #USD is experiencing some traction to the detriment of so-called yielding currencies.
Yesterday after market close #Apple and several other companies issued robust earnings reports, which supported the demand for risks. Later Today, AT&T, #Boeing, #McDonalds, #MasterCard report before the US market open. After its close, #Microsoft, #Facebook, #Tesla and many more will present their quarterly results.
#WaveAnalysis
#Tesla reversed from support level 550
• Likely to rise to resistance level 630
https://fxpro.news/technical-analysis/tesla-wave-analysis-24-may-2021-20210524/
#Tesla reversed from support level 550
• Likely to rise to resistance level 630
https://fxpro.news/technical-analysis/tesla-wave-analysis-24-may-2021-20210524/
#WaveAnalysis
#Tesla broke resistance level 876.00
• Likely to rise to resistance level 1000.00
Tesla recently broke the resistance level 876.00 (top of wave 1 from March) and the 38.2% Fibonacci correction of the downward impulse from January.
The breakout of the resistance level 876.00 accelerated the active short-term impulse wave 3 of wave (C) from last month.
Tesla can be expected to rise further toward the next round resistance level 1000.00.
#Tesla broke resistance level 876.00
• Likely to rise to resistance level 1000.00
Tesla recently broke the resistance level 876.00 (top of wave 1 from March) and the 38.2% Fibonacci correction of the downward impulse from January.
The breakout of the resistance level 876.00 accelerated the active short-term impulse wave 3 of wave (C) from last month.
Tesla can be expected to rise further toward the next round resistance level 1000.00.
#WaveAnalysis
#Tesla reversed from resistance level 200.00
• Likely to fall to support level 180.00
Tesla recently reversed down from the round resistance level 200.00 (previous monthly low from the middle of October), intersecting with the 38.2% Fibonacci correction of the downward impulse from October.
The downward reversal from the resistance level 200.00 continues the active short-term impulse wave 3 of the intermediate impulse wave (3) from September.
Given the clear daily downtrend, Tesla can be expected to fall further toward the next support level 180.00
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#Tesla reversed from resistance level 200.00
• Likely to fall to support level 180.00
Tesla recently reversed down from the round resistance level 200.00 (previous monthly low from the middle of October), intersecting with the 38.2% Fibonacci correction of the downward impulse from October.
The downward reversal from the resistance level 200.00 continues the active short-term impulse wave 3 of the intermediate impulse wave (3) from September.
Given the clear daily downtrend, Tesla can be expected to fall further toward the next support level 180.00
📣Trade responsibly with fxpro.com
#WaveAnalysis
#Tesla reversed from support level 179.20
• Likely to rise to resistance level 200.00
Tesla recently reversed up from the long-term support level 179.20 (which has been reversing the price from the start of 2021).
The support level 179.20 was further strengthened by the lower weekly Bollinger Band.
Given the strength of the support level 179.20 and the oversold daily and weekly Stochastic, Tesla can be expected to rise further toward the next round resistance level 200.00.
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#Tesla reversed from support level 179.20
• Likely to rise to resistance level 200.00
Tesla recently reversed up from the long-term support level 179.20 (which has been reversing the price from the start of 2021).
The support level 179.20 was further strengthened by the lower weekly Bollinger Band.
Given the strength of the support level 179.20 and the oversold daily and weekly Stochastic, Tesla can be expected to rise further toward the next round resistance level 200.00.
📣Trade responsibly with fxpro.com
#WaveAnalysis
#Tesla reversed from support level 114.00
• Likely to rise to resistance level 150.00
Tesla recently reversed up from the major long-term support level 114.00 (which has been repeatedly reversing the price from the start of 2020, as can be seen from the weekly Tesla chart below).
The support area near the support level 114.00 was further strengthened by the lower weekly Bollinger band.
Given the oversold reading on both the weekly Stochastic and RSI indicators, Tesla can be expected to rise further toward the next resistance level 150.00.
📣Trade responsibly with fxpro.com
#Tesla reversed from support level 114.00
• Likely to rise to resistance level 150.00
Tesla recently reversed up from the major long-term support level 114.00 (which has been repeatedly reversing the price from the start of 2020, as can be seen from the weekly Tesla chart below).
The support area near the support level 114.00 was further strengthened by the lower weekly Bollinger band.
Given the oversold reading on both the weekly Stochastic and RSI indicators, Tesla can be expected to rise further toward the next resistance level 150.00.
📣Trade responsibly with fxpro.com
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#WaveAnalysis
#Tesla reversed from round support 200.00
• Likely to rise to resistance level 230.00
Tesla recently reversed up from the round support 200.00 (previous resistance from October and November), standing near the 20-day moving average.
The upward reversal from the support 200.00 continues the active primary upward impulse sequence from the start of January.
Tesla can be expected to rise further toward the next resistance level 230.00 (former multi-month high from October).
📣Trade responsibly with fxpro.com
#Tesla reversed from round support 200.00
• Likely to rise to resistance level 230.00
Tesla recently reversed up from the round support 200.00 (previous resistance from October and November), standing near the 20-day moving average.
The upward reversal from the support 200.00 continues the active primary upward impulse sequence from the start of January.
Tesla can be expected to rise further toward the next resistance level 230.00 (former multi-month high from October).
📣Trade responsibly with fxpro.com
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