Tag: fxpro
• Exxon Mobil broke the resistance zone• Likely to rise to resistance level 100.00 Exxon Mobil recently broke the resistance zone lying at the intersection of the resistance level 95.00 and the resistance trendline of the daily up channel from the middle of March. The breakout of this resistance zone continues the active minor impulse […]
• CADJPY reversed from support zone• Likely to rise to resistance level 101.00 CADJPY earlier reversed up from the combined support zone located between the support level 98.45, lower daily Bollinger Band and the upper trendline of the recently broken weekly up channel from last year, The upward reversal from this support zone started the […]
• GBPAUD reversed from support level 1.7620• Likely to rise to resistance level 1.7825 GBPAUD recently reversed up from the support level 1.7620, which is the lower boundary of the tight sideways price range inside which the pair has been moving from the start of May. The support level 1.7620 was further strengthened by the […]
• Natural gas broke round resistance level 9.0000• Likely to rise to resistance level 9.65 Natural gas recently broke above the round resistance level 9.0000 (which stopped the earlier minor impulse wave 3 at the start of May, as can be seen below). The breakout of the resistance level 9.0000 continues the active short-term impulse […]
• S&P 500 rising inside wave (iv)• Likely to reach resistance level 4100.00 S&P 500 index earlier reversed up from the key support level 3900.00, standing near the lower daily Bollinger Band and the support trendline of the daily down channel from January. The upward reversal from the support level 3900.00 started the active short-term […]
• EURCAD continues daily downtrend• Likely to fall to support level 1.3600 EURCAD recently reversed down from the pivotal resistance level 1.3755 (which reversed the pair multiple times from April). The resistance level 1.3755 is further strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci retracement of the previous downward impulse from […]
• EURGBP reversed from resistance level 0.8590• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the key resistance level 0.8590 (which has been reversing the price from last November) strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 0.8590 is currently forming the daily […]
• Gold broke resistance level 1855.00• Likely to test resistance level 1900.00 Gold continues to rise after the earlier breakout of the resistance level 1855.00 (former support from the start of May) and the 50% Fibonacci correction of the downward impulse from last month. The breakout of the resistance level 1855.00 should accelerate the active […]
• GBPCHF under bearish pressure• Likely to fall to support level 1.1955 GBPCHF currency pair under the bearish pressure after the price broke below the key multi-month support level 1.2100 (lower boundary of the sideways price range from the start of March). The breakout of the support level 1.2100 continues the active impulse waves (iii), […]
• CHFJPY broke daily up channel• Likely to rise to resistance level 133.00 CHFJPY currency pair continues to rise after the pair broke through the resistance trendline of the daily up channel from the end of last month. The breakout of this up channel accelerated the active impulse wave (1) which started earlier from the […]