Tag: Technical analysis
• FTSE reversed from support level 7400.00 • Likely to rise to resistance level 7635.00 FTSE index continues to rise after the index reversed up from the key support level 7400.00 (former top of waves 1 and (i) from November and December). The support zone near the support level 7400.00 was strengthened by the lower […]
• Brent reversed from support level 85.35 • Likely to rise to resistance level 88.75 Brent recently reversed up from the key support level 85.35 (previous strong resistance level from October, actin as the support after it was broken at the start of this year). The upward reversal from the support level 85.35 started the […]
• EURCHF reversed from support level 1.031 • Likely to rise to resistance level 1.0450 EURCHF currency pair recently reversed up from the key support level 1.031 (previous low of wave (1) from the end of December), intersecting with the lower weekly Bollinger Band. The upward reversal from the support level 1.031 created the daily […]
• AUS200 broke key support level 7150.00 • Likely to fall to support level 6900.00 AUS200 index under the strong bearish pressure after the price broke the key support level 7150.00 (lower boundary of the weekly sideways price range from last July). The breakout of eth support level 7150.00 accelerated the active downward impulse waves […]
• EURGBP reversed from long-term support level 0.835 • Likely to rise to resistance level 0.6800 EURGBP currency pair recently reversed up from the long-term support level 0.835 (which has been steadily reversing the pair from 2016), strengthened by the lower weekly Bollinger Band. The upward reversal from the support level 0.835 stopped the previous […]
• Facebook reversed from support zone • Likely to rise to resistance level 327.00 Facebook recently corrected up from the support zone lying between the key support level 307.00 (which has been reversing the price from last May) and the lower daily Bollinger Band. The support zone near the support level 307.00 was strengthened by […]
• Nikkei 225 reversed from support level 27375.00 • Likely to rise to resistance level 27750.00 Nikkei 225 index today reversed up sharply from the pivotal support level 27375.00 (which reversed the index multiple times from May of 202 never allowing the price to fall far below this price level). The upward reversal from the […]
• EURNZD reversed from resistance level 1.6795 • Likely to fall to support level 1.6600 EURNZD recently reversed down from the key resistance level 1.6795 (which has been reversing the price from the start of October), intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from August. The […]
• AUDCAD reversed from key support level 0.8970 • Likely to rise to resistance level 0.9100 AUDCAD recently reversed up from the key support level 0.8970 (previous monthly low from December), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.8970 created the daily Bullish Engulfing – which stopped the […]
• Gold broke resistance level 1825.00 • Likely to rise to resistance level 1860.00 Gold continues to rise after the earlier breakout of the resistance level 1825.00 (top of the previous impulse wave (i)), intersecting with the 61.8% Fibonacci correction of the earlier downward correction from November. The breakout of the resistance level 1825.00 continues […]