Tag: Technical analysis

• EURCHF falling inside impulse waves 5 and (3) • Likely to reach support level 0.9600 EURCHF currency pair continues to fall inside the short-term impulse wave 5, which started earlier from the key resistance level 0.9800. The short-term impulse wave 5 belongs to the higher order downward impulse sequence (3) from the start of […]

• EURGBP reversed from key resistance level 0.8700 • Likely to fall to support level 0.8600 EURGBP currency pair recently reversed down precisely from the key resistance level 0.8700 (which stopped the previous sharp upward impulse wave (5) in the middle of June). The resistance area near the resistance level 0.8700 was strengthened by the […]

• IBM reversed from strong support level 126.00 • Likely to reach resistance level 130.00 IBM recently reversed up from the strong support level 126.00 (which stopped all previous downward correction from April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 126.00 started the active short-term correction (ii). Given […]

• EURJPY reversed from key resistance level 144.30 • Likely to fall to support level 142.00 EURJPY currency pair recently reversed down from the key resistance level 144.30 (which has been reversing the price from the start of June) standing above the upper daily Bollinger Band. The downward reversal from the resistance level 144.stopped the […]

• GBPCHF broke key support level 1.1300 • Likely to fall to support level 1.1100 GBPCHF currency pair recently broke through the key support level 1.1300 (which stopped the earlier minor impulse waves (iii) and (i)). The breakout of the support level 1.1300 accelerated the active impulse waves (iii), 5 and (3). Given the clear […]

• NZDCAD reversed from strong support level 0.7920 • Likely to rise to resistance level 0.8030 NZDCAD currency pair recently reversed up from the strong support level 0.7920 (which stopped the earlier impulse waves 5 and (5) in July). The upward reversal from the support level 0.7920 stopped the previous intermediate impulse wave (3). Given […]

• AUDJPY broke key resistance level 96.65 • Likely to rise to resistance level 98.00 AUDJPY currency pair recently broke the key resistance level 96.65 (previous multi-month high from the start of June). The breakout of the resistance level 96.65 should accelerate the active impulse waves 3 and (3). Given the clear daily uptrend and […]

• CHFJPY broke key resistance level 143.10 • Likely to rise to resistance level 146.00 CHFJPY currency pair recently broke the key resistance level 143.10, which has been reversing the price from the end of June, as you can see from the daily CHFJPY chart below. The breakout of the resistance level 143.10 accelerated the […]

• EURJPY broke key resistance level 139.50 • Likely to rise to resistance level 142.30 EURJPY currency pair recently broke the key resistance level 139.50 standing close to the 61.8% Fibonacci correction of the earlier downward ABC correction (2) from June. The price earlier broke the resistance trendline of the daily down channel from the […]

• NZDUSD reversed from support zone • Likely to rise to resistance level 0.6140 NZDUSD currency pair ended last week with the Bullish Engulfing, which the pair formed near the key support level 0.6060 (former monthly low from July) standing near the lower daily Bollinger Band. The upward reversal from this support zone stopped the […]