Weekly forecast (December 27 – 30, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3975, which will be followed by moving up to resistance level 4101.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3919 – 3945, which will be followed by reaching support level 3677.
Monthly forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4050,75, which will be followed by reaching resistance level 4175 and if it keeps on moving up above that level, we may expect the market to reach resistance level 4327,50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4050,75, which will be followed by moving down to support level 3912 and if it keeps on moving down below that level, we may expect the market to reach support level 3704,25 – 3639.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
Recommended content
Editors’ Picks
EUR/USD extends slide under 1.0900, hits one-week lows
EUR/USD dropped further during the American session and reached a one-week low under 1.0900. The pair has turned negative for the week, with the US Dollar recovering further despite mixed US data and risk appetite.
GBP/USD extends slide towards 1.2600 as Dollar strengthens
GBP/USD slid towards the 1.2600 region, retreating almost a hundred pips from daily highs. The pair weakened further after the release of US consumer inflation and Jobless Claims data. The US Dollar gained momentum boosted by higher Treasury yields.
Gold eases as investors rush away from safety
Financial markets turned optimistic after US inflation eased further in November. Speculative interest increases bets of a shift in central banks' monetary policy. XAU/USD is in a bearish corrective decline in the near term, slide should remain limited.
Kyber exploiter asks for complete control of all assets after nearly $50 million exploit
Kyber Network, a cross-chain decentralized exchange and aggregator, was hit by an exploit that drained nearly $50 million in cryptocurrencies from its liquidity pools. The exploiter contacted the team, asking them to await a statement concerning a “potential treaty.”
Salesforce rally helps Dow Jones outpace NASDAQ, S&P 500 on Thursday
Salesforce (CRM) is the main story on Thursday. The enterprise software company utilized artificial-intelligence-based (AI) integrations in its product suite to grow profits and revenue for the third quarter.