Tag: fxpro

• Adobe broke multi-month support level 350.00 • Likely to fall to support level 300.00 Adobe today opened with the sharp downward gap, which broke below the key multi-month support level 350.00 (which stopped wave (5) in the middle of June). The breakout of the support level 350.00 accelerated the active intermediate impulse wave (3), […]

• Natural gas rising inside impulse wave 3 • Likely to rise to resistance level 9.500 Natural gas recently reversed up from the key support level 7.755 (which has been reversing the price from the start of August), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from […]

• EURJPY reversed from resistance level 144.00 • Likely to fall to support level 142.00 EURJPY recently reversed down from the key resistance level 144.00 (which has been reversing the price from the start of June), standing near the upper daily Bollinger Band. The downward reversal from the resistance level 144.00 created the daily Japanese […]

• Palladium reversed from resistance level 2270.00 • Likely to fall to support level 2000.00 Palladium recently reversed down from the key resistance level 2270.00 (which has been reversing the price from the end of April). The resistance level 2270.00 was further strengthened by the nearby upper daily Bollinger Band and by the 38.2% Fibonacci […]

• GBPUSD reversed from resistance level 1.1740 • Likely to fall to support level 1.1400 GBPUSD recently reversed down from the key resistance level 1.1740 (former monthly low from July), 20-day moving average and the 38.2% Fibonacci correction of the downward impulse from August. The downward reversal from the resistance level 1.1740 continues the active […]

• WTI reversed from key support level 85.00 • Likely to fall to resistance level 90.00 WTI crude oil recently reversed up from the key support level 85.00 (former multi-month high from October of 2021), intersecting with the 61.8% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 85.00 […]

 • USDCAD falling inside short-term corrective wave (ii) • Likely to fall to support level 1.2900 USDCAD currency pair continues to fall inside the short-term corrective wave (ii), which started earlier from the key resistance level 1.3200 (which stopped wave 1 in July). Wave (ii) belongs to the higher-order impulse waves 3 and (3) from […]

• Nikkei 225 reversed from strong support level 27500.00 • Likely to reach resistance level 28800.00 Nikkei 225 index recently reversed up with the daily Hammer from the strong support level 27500.00 (which has been reversing the price from the end of July), intersecting with the lower daily Bollinger Band. The upward reversal from the […]

• EURCHF falling inside impulse waves 5 and (3) • Likely to reach support level 0.9600 EURCHF currency pair continues to fall inside the short-term impulse wave 5, which started earlier from the key resistance level 0.9800. The short-term impulse wave 5 belongs to the higher order downward impulse sequence (3) from the start of […]

• EURGBP reversed from key resistance level 0.8700 • Likely to fall to support level 0.8600 EURGBP currency pair recently reversed down precisely from the key resistance level 0.8700 (which stopped the previous sharp upward impulse wave (5) in the middle of June). The resistance area near the resistance level 0.8700 was strengthened by the […]