- Google reversed from key support level 160.00
- Likely to rise to resistance level 167.00
Google recently reversed up from the key support level 160.00 (which has been reversing the price from October) intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 160.00 created the daily Japanese candlesticks reversal pattern Hammer – which stopped the previous impulse wave C.
Given the strength of the support level 160.00 and the bullish divergence on the daily Stochastic, Google can be expected to rise to the next resistance level 167.00.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.