Tag: Technical analysis
• EUR50 falling inside active correction 4 • Likely to fall to support level 3575.00 EUR50 index recently reversed down from the powerful resistance level 3800.00 (which has been reversing the price from the end of April). The resistance zone near the resistance level 3800.00 was strengthened by the upper daily Bollinger Band and the […]
• EURUSD broke below the parity 1.0000 • Likely to fall to support level 0.9800 EURUSD today broke strongly below the parity 1.0000 (which stopped the previous sharp downward impulse wave 1 from the start of June). The breakout of the parity 1.0000 should accelerate the active short-term downward impulse wave 3. Given the overriding […]
• NZDUSD broke support level 0.6220 • Likely to fall to support level 0.6135 NZDUSD recently broke the support level 0.6220 (low of the previous wave B, which has been reversing the pair from last month). The breakout of the support level 0.6220 coincided with the 61.8% Fibonacci correction of the upward impulse from July. […]
• Citibank reversed from resistance level 54.00 • Likely to fall to support level 50.65 Citibank recently reversed down from the pivotal resistance level 54.00 (former monthly low from March – which has been reversing Citibank from the time it was broken in April), strengthened by the upper daily Bollinger Band. The downward reversal from […]
• NZDCAD broke daily up channel • Likely to fall to support level 0.8000 NZDCAD recently broke the support trendline of the daily up channel from the middle of July (which encloses the previous intermediate ABC correction (2)). The breakout of this up channel from should accelerate the active medium-term downward impulse wave (3). Given […]
• Silver reversed from resistance level 20.50 • Likely to fall to support level 19.00 Silver recently reversed down from the key resistance level 20.50 (former monthly low from May), intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from June. The downward reversal from the resistance level […]
• AUDUSD broke daily up channel • Likely to fall to support level 0.6870 AUDUSD recently broke the support trendline of the daily up channel, inside which the pair has been rising from the middle of July. The breakout of this up channel continues the active multi-impulse downward sequence made out of the impulse waves […]
• EURNZD broke daily down channel • Likely to rise to resistance level 1.6345 EURNZD recently broke the resistance trendline of the daily down channel, inside which the pair has been falling from July. The breakout of this down channel accelerated the active short-term correction (ii) – which belongs to the sharp downward impulse wave […]
• EURAUD reversed from support level 1.44 • Likely to rise to resistance level 1.4740 EURAUD currency pair recently reversed up sharply from the powerful support level 1.4400 (which previous stopped the sharp downtrend in April, as can be seen below). The upward reversal from the support level 1.4400 started the active minor correction 2. […]
• GBPNZD broke key resistance level 1.9100 • Likely to rise to resistance level 1.9270 GBPNZD recently broke above the key resistance level 1.9100 (former lower boundary of the sideways price range inside which the pair has been trading from the middle of April). The breakout of the resistance level 1.9100 accelerated the active short-term […]
