Tag: fxpro
• IBM reversed from strong support level 126.00 • Likely to reach resistance level 130.00 IBM recently reversed up from the strong support level 126.00 (which stopped all previous downward correction from April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 126.00 started the active short-term correction (ii). Given […]
• EURJPY reversed from key resistance level 144.30 • Likely to fall to support level 142.00 EURJPY currency pair recently reversed down from the key resistance level 144.30 (which has been reversing the price from the start of June) standing above the upper daily Bollinger Band. The downward reversal from the resistance level 144.stopped the […]
• GBPCHF broke key support level 1.1300 • Likely to fall to support level 1.1100 GBPCHF currency pair recently broke through the key support level 1.1300 (which stopped the earlier minor impulse waves (iii) and (i)). The breakout of the support level 1.1300 accelerated the active impulse waves (iii), 5 and (3). Given the clear […]
• NZDCAD reversed from strong support level 0.7920 • Likely to rise to resistance level 0.8030 NZDCAD currency pair recently reversed up from the strong support level 0.7920 (which stopped the earlier impulse waves 5 and (5) in July). The upward reversal from the support level 0.7920 stopped the previous intermediate impulse wave (3). Given […]
• AUDJPY broke key resistance level 96.65 • Likely to rise to resistance level 98.00 AUDJPY currency pair recently broke the key resistance level 96.65 (previous multi-month high from the start of June). The breakout of the resistance level 96.65 should accelerate the active impulse waves 3 and (3). Given the clear daily uptrend and […]
• CHFJPY broke key resistance level 143.10 • Likely to rise to resistance level 146.00 CHFJPY currency pair recently broke the key resistance level 143.10, which has been reversing the price from the end of June, as you can see from the daily CHFJPY chart below. The breakout of the resistance level 143.10 accelerated the […]
• EURJPY broke key resistance level 139.50 • Likely to rise to resistance level 142.30 EURJPY currency pair recently broke the key resistance level 139.50 standing close to the 61.8% Fibonacci correction of the earlier downward ABC correction (2) from June. The price earlier broke the resistance trendline of the daily down channel from the […]
• NZDUSD reversed from support zone • Likely to rise to resistance level 0.6140 NZDUSD currency pair ended last week with the Bullish Engulfing, which the pair formed near the key support level 0.6060 (former monthly low from July) standing near the lower daily Bollinger Band. The upward reversal from this support zone stopped the […]
• GBPNZD reversed from support zone • Likely to rise to resistance level 1.9060 GBPNZD currency pair recently reversed up from the support zone located between the long-term support level 1.8800 (previous monthly low from March) intersecting with the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous short-term downward […]
• GBPJPY reversed from powerful support zone • Likely to rise to resistance level 163.65s GBPJPY currency pair earlier today reversed up with two daily Hammers from the powerful support zone surrounding the multi-month support level support level 160.80 (which has stopped all downward corrections from June) intersecting with the lower daily Bollinger Band. The […]