Tag: fxpro

WTI Wave Analysis – 13 July, 2022 • WTI reversed from support level 92.93• Likely to rise to resistance level 97.00 WTI recently reversed up from the strong support level 92.93 (former monthly low from March and April), standing near the 50% Fibonacci correction of the upward impulse from December. The upward reversal from the […]

• EURGBP reversed from support level 0.8425 • Likely to rise to resistance level 0.85000 EURGBP today recently reversed up with the daily Hammer from the key support level 0.8425 (which has been reversing the pair from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from […]

• AUDCAD reversed from key support level 0.8750 • Likely to rise to resistance level 0.8900 AUDCAD currency pair recently reversed up from the key support level 0.8750 (low of the previous minor impulse wave (i) from the end of last month), intersecting with the lower daily Bollinger Band. The upward reversal from the support […]

• USDCAD reversed from resistance level 1.3055 • Likely to fall to support level 1.2950 USDCAD currency pair recently reversed down from the pivotal resistance level 1.3055 (which has been repeatedly reversing the pair from the start of May, as can be seen below). The resistance area near the resistance level 1.3055 was strengthened by […]

• EURCHF reversed from key resistance level 0.9950 • Likely to fall to support level 0.9870 EURCHF currency pair recently reversed down from the key resistance level 0.9950 (low of the previous minor impulse wave (i) from the end of June). The downward reversal from the resistance level 0.9950 is aligned with the active impulse […]

• AUDUSD reversed from resistance level 0.6850 • Likely to fall to support level 0.9870 AUDUSD currency pair recently reversed down from the key resistance level 0.6850 (former strong support which reversed the pair sharply in May and June). The downward reversal from the resistance level 0.6850 stopped the earlier minor ABC correction (ii). Given […]

• Gold broke pivotal support level 1790.00• Likely to fall to support level 1755.00 Gold is under strong bearish pressure after the price broke the pivotal support level 1790.00 (which has been repeatedly reversing the price from last December). The breakout of the support level 1790.00 accelerated the active impulse waves (iii) and 3 – […]

• EURUSD broke multi-year support level 1.034• Likely to fall to support level 1.020 EURUSD recently broke through the key support level 1.037 (which stopped the previous impulse waves (3) and 1, as can be seen below). The breakout of the support level 1.037 led to the breakout of the major multi-year support level 1.034 […]

• EURCHF broke support level 0.9975• Likely to fall to support level 0.9850 EURCHF recently broke the key support level 0.9975 (former multi-month low from the start of March). The breakout of the support level 0.9975 continues the clear multi-month downtrend and is aligned with the active impulse waves 3 and (3). Given the strongly […]

• USDCAD reversed from resistance level 1.3075• Likely to fall to support level 1.2965 USDCAD recently reversed down from the key resistance level 1.3075 (the previous monthly high from May and June). The resistance area near the resistance level 1.3075 was strengthened by the upper daily Bollinger Band. Given the bearish divergence on the daily […]