Tag: Technical analysis

• USDJPY broke key resistance level 137.30 • Likely to rise to resistance level 140.00 USDJPY currency pair recently broke the key resistance level 137.30 (which stopped the previous minor impulse wave 3 earlier this month). The breakout of the resistance level 137.30 accelerated the active short-term impulse wave 5 of the intermediate impulse wave […]

• EURAUD reversed from support level 1.4325 • Likely to rise to resistance level 1.4470 EURAUD currency pair recently reversed up from the key support level 1.4325 (which stopped the previous sharp downward impulse wave (5) in April). The support area near the support level 1.4325 was strengthened by the lower daily Bollinger Band. The […]

• AUDCHF reversed from key resistance level 0.6710 • Likely to fall to support level 0.6650 AUDCHF currency pair recently reversed down from the key resistance level 0.6710 (which has been steadily reversing the price from the start of July), intersecting with the upper Bollinger Band and the 38.2% Fibonacci correction of the earlier sharp […]

 • General Electric reversed from resistance level 80.00 • Likely to fall to support level 75.00 General Electric recently reversed down from the round resistance level 80.00 (which has been reversing the price from the start of May), intersecting with the upper Bollinger Band and the resistance trendline from January. The downward reversal from the […]

• Palladium reversed from round support level 2000.00 • Likely to rise to resistance level 2300.00 Palladium recently reversed up from the round support level 2000.00 (which stopped the previous minor correction (iv) from the start of August). The support area near the support level 2000.00 was strengthened by the lower daily Bollinger Band, support […]

• GBPAUD broke support level 1.7000 • Likely to fall to support level 1.6800 GBPAUD currency pair recently broke the support level 1.7000 (which stopped the previous minor impulse wave 1 from the start of August). The breakout of the support level 1.7000 coincided with the breakout of the daily down channel from the start […]

• AUDNZD reversed from resistance level 1.1165 • Likely to fall to support level 1.1100 AUDNZD currency pair is currently testing the resistance level 1.1165 (which has been steadily reversing the price from the start of June), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 1.1165 will stop the […]

• EURAUD reversed from support level 1.4370 • Likely to rise to resistance level 1.4600 EURAUD currency pair recently reversed up from the support level 1.4370 (which stopped the sharp downtrend in April) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.4370.10 stopped the previous short-term downward impulse wave […]

 • CHFJPY reversed from resistance level 143.10 • Likely to fall to support level 140.60 CHFJPY currency pair recently reversed down from the key resistance level 143.10 (which has been reversing the pair from the end of June) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 143.10 stopped the […]

• NZDCHF reversed from support level 0.5900 • Likely to rise to resistance level 0.6050 NZDCHF currency pair recently reversed up from the key support level 0.5900 (which stopped the sharp downtrend at the end of June) standing below the lower daily Bollinger Band. The upward reversal from the support level 0.5900 created the daily […]