Tag: fxpro
• 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 […]
• Platinum reversed from support level 828.20 • Likely to rise to resistance level 860.00 Platinum today reversed up from the key support level 828.20 (which stopped the previous medium-term impulse wave (A) in the middle of July) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 828.20 stopped the […]
• GBPUSD broke key support level 1.1800 • Likely to test major support level 1.1455 GBPUSD currency pair under the bearish pressure after the earlier breakout of the key support level 1.1800 (low of the previous medium-term impulse wave (3)). The downward reversal from the resistance level 1.3200 stopped the earlier short-term correction 2. Given […]
• EURCAD reversed from resistance level 1.3200 • Likely to fall to support level 1.3000 EURCAD currency pair recently reversed down from the resistance level 1.3200, intersecting with the upper Bollinger Bond and the 38.2% Fibonacci correction of the downward impulse from June. The downward reversal from the resistance level 1.3200 stopped the earlier short-term […]
• Gold broke support level 1725.00 • Likely to fall to support level 1700.00 Gold recently broke the support level 1725.00 intersecting with the 61.8% Fibonacci correction of the upward correction 2 from July. The breakout of the support level 1725.00 accelerated the active short-term impulse waves (iii) and 3, which belong to the intermediate […]