Tag: Technical analysis
AUDUSD: ⬇️ Sell – AUDUSD broke support level 0.6525 – Likely to fall to support level 0.6410 AUDUSD currency pair recently broke the support zone between the support level 0.6525 (low of wave (1) from September), 61.8% Fibonacci correction of the upward impulse (C) from August and the support trendline from April. The breakout of […]
NZDUSD: ⬇️ Sell – NZDUSD broke support zone – Likely to fall to support level 0.5660 NZDUSD currency pair recently broke the support zone between the support level 0.5750 (which reversed the price in September) and the support trendline of the daily down channel from June. The breakout of this support zone should accelerate the […]
Baidu: ⬆️ Buy – Baidu rising inside weekly impulse wave C – Likely to rise to resistance level 156.35 Baidu recently reversed up from the key support level 141.50 (former monthly high from September, acting as the support after it was broken). The upward reversal from the support level 141.50 continues the active weekly impulse wave C […]
Microsoft: ⬆️ Buy – Microsoft rising inside impulse wave (3) – Likely to rise to resistance level 531.00 Microsoft recently broke the resistance zone between the key resistance level 515.80 (which stopped the previous impulse wave (1) in September) and the 50% Fibonacci correction of the downward correction from July. The breakout of this resistance […]
WTI: ⬇️ Sell – WTI reversed from resistance level 65.25 – Likely to fall to support level 61.70 WTI crude oil recently reversed down from the the resistance area between the resistance level 65.25 (upper border of the active sideways price range from the start of August). The resistance level 65.25 was strengthened by the […]
Silver: ⬆️ Buy – Silver broke resistance area – Likely to rise to resistance level 48.00 Silver recently broke the resistance area between the resistance level 45.00 (previous upward target set for Silver) and the resistance trendlines of the 2 up channels from August and April. The breakout of this resistance area accelerated the active […]
USDCHF: ⬆️ Buy – USDCHF reversed from support zone – Likely to rise to resistance level 0.8000 USDCHF recently reversed up from the support zone located between the pivotal support level 0.7865 (which stopped the sharp downtrend in June), lower daily Bollinger Band and the support trendline of the daily down channel from July. The upward reversal […]
Citibank: ⬆️ Buy – Citibank broke the daily up channel – Likely to rise to resistance level 105.00 Citibank recently broke the resistance trendline of the daily up channel from the end of July coinciding with the round resistance level 100.00. The breakout of these resistance levels continues the active impulse wave iii of the upward impulse […]
Alibaba: ⬆️ Buy – Alibaba broke key resistance level 147.70 – Likely to rise to resistance level 170.00 Alibaba Group has been rising sharply in the last few trading sessions after the earlier breakout of the key resistance level 147.70 (which stopped the previous wave (A) in the middle of March, as can be seen […]
EURUSD: ⬆️ Buy – EURUSD broke key resistance level 1.1835 – Likely to rise to resistance level 1.2000 EURUSD currency pair recently broke above the key resistance level 1.1835 (which stopped the previous impulse wave (5) at the end of June, as can be seen below). The breakout of the resistance level 1.1835 was preceded […]