Tag: Technical analysis
• NZDJPY broke support level 84.80 • Likely to fall to support level 83.00 NZDJPY currency pair recently broke the support level 84.80 (former resistance from the start of July) intersecting with the 50% Fibonacci correction of the upward price impulse (i). The breakout of the support level 84.80 accelerated the active minor corrective wave […]
• GBPCHF broke daily down channel • Likely to rise to resistance level 1.1770 GBPCHF continues to rise after the earlier breakout of the resistance trendline of the daily down channel from the start of July – which accelerated the active correction (iv). The breakout of the down channel follows the earlier upward reversal from […]
• EURGBP broke key support level 0.8400 • Likely to fall to support level 0.8350 EURGBP currency pair recently broke the key support level 0.8400 (which has been reversing the pair from the middle of May) intersecting with the 61.8% Fibonacci correction of the upward price move from April. The breakout of the support level […]
• AUDNZD reversed from resistance level 1.1165 • Likely to fall to support level 1.1100 AUDNZD currency pair recently reversed down from the pivotal resistance level 1.1165 (former strong resistance from the start of June). The downward reversal from the resistance level 1.1165 stopped the earlier minor impulse wave 3 – which belongs to the […]
• Silver reversed from support level 18.30 • Likely to rise to resistance level 18.90 Silver earlier reversed up from the pivotal support level 18.30 (which has been steadily reversing the price from the end of June). The upward reversal from the support level 18.30 created the daily Bullish Engulfing – which stopped the earlier […]
• AUDNZD broke resistance level 1.1100 • Likely to rise to resistance level 1.1165 AUDNZD recently broke the key resistance level 1.1100 (which has been steadily reversing the pair from the end of June). The breakout of the resistance level 1.1100 continues the active intermediate impulse wave (C) from the middle of July. Given the […]
• WTI reversed from support area • Likely to rise to resistance level 100.00 WTI crude oil currency pair recently reversed up from the support area located between the key support level 93.40 (which has been reversing the pair from March) and the 50% Fibonacci retracement of the upward trend from December. The upward reversal […]
• CADJPY reversed from support area • Likely to rise to resistance level 107.40 CADJPY currency pair recently reversed up from the support area located between the key support level 105.00, support trendline from June, 20-day moving average and the 61.8% Fibonacci correction of the earlier upward impulse from the start of July. The upward […]
• Natural gas broke resistance level 7.960 • Likely to rise to resistance level 9.000 Natural gas recently broke through the resistance level 7.960 (top of the previous wave (iv) from the middle of June) intersecting with the 61.8% Fibonacci correction of the earlier downward correction (B) from last month. The breakout of the resistance […]
• EURCHF reversed from support area • Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped wave 3 in the middle of this month) and the lower daily Bollinger Band. The upward reversal from this support area can form […]
