S&P 500 Analysis: Potential Price Rise Ahead?
The price of the American stock index S&P500 broke the resistance at the level of 4607. So, it might rebound and rise again soon. The formation of a bullish trap is also possible at this stage. Hence, it would be wise to follow the candlestick formations to forecast the next price move.
Silver is heading down and approaching the supporting zone formed between levels 22.00 and 22.30 and the uptrend. The price of silver is likely to rebound from this zone, uptrend, and jump. So, let’s observe if it will happen.
The price of the currency pair EUR/USD is heading down. It has been stuck in a very narrow range for some time now. Currently, the asset’s price is trying to form a flag, which usually signifies the continuation of a descending trend. The asset might potentially rebound from the supporting zone formed between levels 1.0640 and 1.0670. Only time will tell whether this scenario is going to work out.
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