Tag: fxpro

• NZDUSD broke key resistance level 0.6700 • Likely to rise to resistance level 0.6800 NZDUSD currency pair recently broke the key resistance level 0.6700 (former strong support from the start of December). The breakout of the resistance level 0.6700 coincided with the breakout of the 50% Fibonacci correction of the previous sharp downward impulse […]

• FTSE 100 broke key resistance level 7620.00 • Likely to rise to resistance level 7800.00 FTSE 100 index recently broke above the key resistance level 7620.00 (which has been reversing the price from the middle of January as can be seen from the daily FTSE 100 chart below). The breakout of the resistance level […]

• Silver reversed from support level 22.00 • Likely to rise to resistance level 24.55 Silver recently reversed up from the key support level 22.00 (which has been reversing the price from the end of 2020 as can be seen from the weekly Silver chart below). The upward reversal from the support level 22.00 continues […]

• Costco broke resistance level 526.40 • Likely to rise to resistance level 560.00 Costco continues to rise after the earlier breakout of the resistance level 526.40 (top of the previous waves (B) and (1)). The breakout of the resistance level 526.40 accelerated the active medium-term impulse wave (3). Given the clear daily uptrend – […]

• AUDUSD broke resistance level 0.715 • Likely to rise to resistance level 0.7300 AUDUSD currency pair recently broke the key resistance level 0.715 (former strong support from the start of Januarys). The breakout of the resistance level 0.715 coincided with the breakout of the 50% Fibonacci correction of the previous sharp impulse wave 1. […]

• American Express broke multi-month resistance level 188.75 • Likely to rise to resistance level 195.00 American Express today broke above the key multi-month resistance level 188.75 (which stopped the previous sharp upward impulse (5) in October of 2021). The breakout of the resistance level 188.75 should accelerate the active impulse waves 3 and (3). Given […]

• AUDJPY broke key resistance level 82.00 • Likely to rise to resistance level 83.00 AUDJPY currency pair recently broke the key resistance level 82.00 (which has been reversing the price from the middle of December). The breakout of the resistance level 82.00 coincided with the breakout of the daily down channel from January and […]

• Chevron broke long-term resistance level 133.20 • Likely to rise to resistance level 140.00 Chevron continues to rise strongly after the earlier breakout of the long-term resistance level 133.20 (previous yearly high from the start of 2018). The breakout of the resistance level 133.20 coincided with the breakout of the resistance trendline of the […]

• EURCAD reversed from resistance level 1.4645 • Likely to fall to support level 1.4400 EURCAD currency pair recently reversed down strongly from the key resistance level 1.4645 (which has been reversing the price from May of 2021). The resistance zone near the resistance level 1.4645 was strengthened by the upper daily Bollinger Band. EURCAD […]

• EURNZD broke key resistance level 1.7150 • Likely to rise to resistance level 1.7500 EURNZD currency pair continues to rise sharply after breaking the key resistance level 1.7150 (previous multi-month high from the middle of last August). The breakout of the resistance level 1.7150 accelerated the active intermediate impulse wave (5). EURNZD currency pair […]