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WFIX Analysis for 28 Jan 2026

2026-01-29

1. Hourly WFIX data for 28 Jan 2026 shows a sharp intraday breakout that began at 17:00 UTC, where the price leapt from 3.10 to 5.58 on 0.3326 volume. A 30-minute pause followed by an 18:00 rally pushed the close to 7.11, the highest level. Prices then settled in a 7.15-7.46 corridor. A late-hour spike at 22:00 raised the close to 7.84 on 0.1737 volume, before returning to the band.

2. Support forms around 7.15, where several bars (19:30, 20:15, 21:15) found a floor, while 7.22-7.23 acts as a transient base due to the 18:00 and 22:00 opens. The 7.84 peak acts as a short-term resistance but is weak, as the price retraced quickly. The 7.30-7.40 range then becomes the primary trading band, with price hovering in this corridor with low volume and stable highs and lows.

3. Volume peaks at 18:00 (0.9395) and at 22:00 (0.1737), driving significant momentum and liquidity. In contrast, most other periods show modest depth (˜0.10-0.12), implying limited liquidity during the band oscillation. The late-hour rally demonstrates momentum persistence but also introduces risk of slippage due to the sharp move. Overall, the data signals a risk-adjusted window for range-bound trading near 7.20-7.35 after the 22:00 spike.


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