Ichimoku analysis (4-hour chart)
Tenken-Sen- 3788
Kijun-Sen-3788
S&P500 was one of the best performers in the past ten months and surged more than 75% despite the Coronavirus pandemic. The injection of liquidity by major central banks and vaccine by Pfizer and Astra Zeneca has increased demand for riskier assets. The index hits a fresh all-time high of 2832 and is currently trading around 3794.
On the higher side, the near term significant resistance is around 3830 and any jump above will take the index to 3860/3877. The minor resistances to be watched are 3800/3820.
The short term support is at 2844 (daily cloud bottom), any violation below targets 3725/3700/3665.
It is good to sell on rallies around 3798-800 with SL around 3835 for TP of 3665.


FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CAD dips below lower range, bearish bias increases
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Pair levels and bias summary
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 



