Tag: fxpro

• GBPNZD reversed from support area • Likely to rise to resistance level 1.9075 GBPNZD currency pair recently reversed up sharply from the support area lying between the key multi-month support level 1.8775 (which stopped wave (1) in April) standing outside of the lower daily Bollinger Band. The upward reversal from the support level 1.8775 […]

• EURUSD reversed from resistance level 1.0370 • Likely to fall to support level 1.0100 EURUSD currency pair recently reversed down from the resistance level 1.0370 (former monthly low from May and June) standing near the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from June. The downward reversal from […]

• USDJPY reversed from support level 131.40 • Likely to rise to resistance level 135.33 USDJPY recently reversed up from the key support level 131.40 (former monthly high from May, which has been reversing the pair after it was broken in June). The upward reversal from the support level 131.40 created the daily Hammer, which […]

• Nikkei 225 approaches key resistance level 28640.00 • Likely to correct down to support level 28400.00 Nikkei 225 index today approached the key multi-month resistance level 28640.00, which stopped the sharp upward impulse wave (A) at the end of March, as can be seen below. The resistance zone near the resistance level 28640.00 was […]

• GBPCHF under bearish pressure • Likely to fall to support level 1.1400 GBPCHF currency pair under the bearish pressure after the price broke the key support level 1.1525 (which has been reversing the price from the start of July). The breakout of the support level 1.1525 accelerated the active short-term downward impulse wave (iii) […]

• AUDUSD broke resistance level 0.7050 • Likely to rise to resistance level 0.7150 AUDUSD currency pair recently broke the key resistance level 0.7050 (top of the earlier wave A from the start of August). The breakout of the resistance level 0.7050 coincided with the breakout of the Fibonacci cluster made out of the 50% […]

• S&P 500 rising inside impulse waves (iii) and 3 • Likely to rise to resistance level 4300.00 S&P 500 index recently broke the resistance level 4170.00 (which stopped the earlier waves (4) and 2 in May and June). The breakout of the resistance level 4170.00 continues the active short-term impulse waves (iii) and 3 […]

• Platinum broke resistance level 955.00 • Likely to rise to resistance level 1000. Platinum recently broke the resistance level 955.00 (top of wave A from June) intersecting with the 61.8% Fibonacci correction of the C-wave from June. The breakout of the resistance level 955.00 accelerated the active impulse waves (iii) and C – which […]

• USDCHF broke key support level 0.9480 • Likely to fall to support level 0.9300 USDCHF currency pair recently broke the key support level 0.9480 (which stopped the earlier minor impulse wave 1 at the start of August). The breakout of the support level 0.9480 follows the earlier breakout of the 61.8% Fibonacci correction of […]

• EURUSD broke key resistance level 1.0260 • Likely to rise to resistance level 1.0370 EURUSD just broke the pivotal resistance level 1.0260 (which has been repeatedly reversing the pair from the middle of July). The breakout of the resistance level 1.0260 coincided with the breakout of the multi-month resistance trendline from February and the […]