Tag: Technical analysis
• NZDCHF reversed from support zone • Likely to fall to resistance level 0.6200 NZDCHF currency pair recently reversed up from the support zone located between the key support level 0.6100 (which has been reversing the pair from the start of January) and the lower daily Bollinger Band. The upward reversal from this support zone […]
• Bank of America reversed from resistance zone • Likely to fall to support level 44.00 Bank of America recently reversed down from the resistance zone located between the round level resistance 50.00 (top of wave B from January) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous […]
• NZDCAD reversed from resistance zone • Likely to fall to support level 0.8350 NZDCAD currency pair recently reversed down from the resistance zone located between the resistance level 0.8500 (former support from the start of January), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from December. The downward reversal […]
• EURGBP reversed from resistance zone • Likely to fall to support level 0.8320 EURGBP currency pair recently reversed down from the resistance zone lying between the key resistance level 0.8460 (former support from December), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from December. The downward reversal from this […]
• Brent reversed from support zone • Likely to rise to resistance level 93.35 Brent recently reversed up from the support area located between the key support level 90.00 (former resistance from January), 38.2% Fibonacci correction of the upward impulse (i) from January and the support trendline of the daily up channel from December. The […]
• Platinum reversed from resistance zone • Likely to fall to support level 1000.00 Platinum recently reversed down from the resistance zone lying between the pivotal resistance level 1055.00 (which has been reversing the price from last month), upper daily Bollinger Band, 200-day moving average and the 61.8% Fibonacci correction of the downward impulse from […]
• 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 – […]