Tag: fxpro

• Corn rising inside impulse waves 3 and (iii),• Likely to reach resistance level 840.00 Corn futures continue to rise inside the accelerated impulse waves 3 and (iii), which belong to the impulse wave (5) from last month. The price earlier broke the resistance level 775.00 (which is the upper border of the sideways wideays […]

• CADJPY under the bullish pressure• Likely to rise to resistance level 102.00 CADJPY is under the bullish pressure – after the pair broke the round resistance level 100.00 (which stopped the previous impulse wave 3 last month). The breakout of the resistance level 100.00 accelerated the active impulse waves 5 and (C). Given the […]

• Natural gas in a strong uptrend• Likely to test resistance level 8.0000 Natural gas has been rising strongly in the last few trading sessions following the breakout of the key resistance level 6.50 (former multi-month high from last October). The breakout of the resistance level 6.50 coincided with the breakout of the two different […]

• USDJPY rising inside impulse wave 3• Likely to rise to resistance level 128.00 USDJPY continues to rise inside the minor impulse wave 3, which started earlier from the key support level 125.00 (former top of wave (3)). The support zone near the support level 125.00 was strengthened by the support trendline of the nearby […]

• Fedex reversed from support level 200.00• Likely to rise to resistance level 210.00 Fedex earlier reversed up from the key round support level 200.00 (which stopped the previous intermediate impulse wave (C) at the start of March) – standing near the support trendline of the weekly down channel from August. The upward reversal from […]

• GBPJPY reversed from key round resistance level 164.65• Likely to fall to support level 163.00 GBPJPY today recently reversed down from the key resistance level 164.65 (previous monthly high from March) – coinciding with the upper daily Bollinger Band. The downward reversal from the resistance level 164.65 stopped the previous impulse wave (i). Given […]

• Freversed from resistance level 134.60• Likely to fall to support level 132.00 CHFJPY currency pair recently reversed down from the key round resistance level 134.60 (previous multi-month high from 2015) – standing near the upper daily and weekly Bollinger Bands. The downward reversal from the resistance level 134.60 created the daily candlesticks reversal pattern […]

• Gold broke resistance level 1960.00• Likely to rise to resistance level 2000.00 Gold recently broke the resistance level 1960.00 (which stopped the previous corrective wave A at the end of March). The breakout of the resistance level 1960.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous downward wave (A). Gold […]

• GBPCHF reversed from support level 1.2120• Likely to rise to resistance level 1.2225 GBPCHF currency pair earlier reversed up sharply from the pivotal support level 1.2120 (which stopped the previous minor impulse wave 1 at the start of March). The upward reversal from the support level 1.2120 stopped the previous impulse waves (iii), 3 […]

• WTI reversed from key support level 93.50• Likely to rise to resistance level 105.00 WTI crude oil today reversed up sharply from the key support level 93.50 (which formed the daily Mornign Star in March) – standing near the 38.2% Fibonacci correction of the upward price impulse from December. The upward reversal from the […]