Tag: Technical analysis
• USDCHF broke key support level 0.9480 • Likely to fall to support level 0.9300 USDCHF currency pair recently broke the key support level 0.9480 (which stopped the earlier minor impulse wave 1 at the start of August). The breakout of the support level 0.9480 follows the earlier breakout of the 61.8% Fibonacci correction of […]
• EURUSD broke key resistance level 1.0260 • Likely to rise to resistance level 1.0370 EURUSD just broke the pivotal resistance level 1.0260 (which has been repeatedly reversing the pair from the middle of July). The breakout of the resistance level 1.0260 coincided with the breakout of the multi-month resistance trendline from February and the […]
• WTI reversed from support level 88.00 • Likely to rise to resistance level 92.30 WTI crude oil recently reversed up from the key support level 88.00 (low of the previous wave 3, which has been reversing the price from the start of February) intersecting with the lower daily Bollinger Band. The upward reversal from […]
• NZDJPY broke resistance level 84.70 • Likely to rise to resistance level 86.40 NZDJPY today broke the resistance level 84.70 (top of the earlier Shooting Star from the start of this month) intersecting with the 681% Fibonacci correction of the downward impulse (c) from July. The breakout of the resistance level 84.70 should accelerate […]
• EURJPY broke resistance level 136.65 • Likely to rise to resistance level 138.00 EURJPY currency pair recently broke the resistance level 136.65 intersecting with the 38.2% Fibonacci correction of the downward impulse C from July. The breakout of the resistance level 136.65 should accelerate the active intermediate impulse wave (3) from the start of […]
• GBPJPY reversed from support level 160.50 • Likely to rise to resistance level 166.00 GBPJPY currency pair recently reversed up with the daily Hammer from the key support level 160.50 (which has been continually reversing the price from the middle of June). The support zone near the support level 160.50 was strengthened by the […]
• CHFJPY reversed from support level 138.80 • Likely to rise to resistance level 142.00 CHFJPY recently reversed up from the support level 138.80, strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse wave 1 from June. The upward reversal from the support level 138.80 started the active […]
• Bank of America broke key resistance level 34.00 • Likely to rise to resistance level 36.00 Bank of America recently broke the key resistance level 34.00 (which has been continually reversing the price from the middle of July). The breakout of the resistance level 34.00 continues the active C-wave of the ABC correction (B). […]
• USDJPY reversed from support level 131.40 • Likely to rise to resistance level 136.00 USDJPY recently reversed up from the support level 131.40 (former monthly high from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse wave 1 from May. The upward reversal from the support […]
• EURCAD reversed from support level 1.3025 • Likely to rise to resistance level 1.3200 EURCAD currency pair recently reversed up from the pivotal support level 1.3025 (which has been reversing the pair from the middle of July) – intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.3025 is […]
