Tag: Technical analysis

EURJPY: ⬆️ Buy – EURJPY broke resistance level of 169.55 – Likely to rise to resistance level 72.00 EURJPY currency pair recently broke above the key resistance level 169.55 (which reversed the price multiple times at the end of June, as can be seen from the daily EURJPY chart below). The breakout of the resistance […]

GBPCHF: ⬆️ Buy – GBPCHF reversed from strong support level 1.0785 – Likely to rise to resistance level 1.0950 GBPCHF currency pair recently reversed up from the strong support level 1.0785 (which has been steadily reversing the price from last August as can be seen below). The upward reversal from the support level 1.0785 created […]

JPMorgan: ⬆️ Buy – JPMorgan broke key resistance level 280.00 – Likely to rise to resistance level 300.00 JPMorgan recently broke above the key resistance level 280.00 (which stopped the earlier sharp upward impulse wave (5) in February). The breakout of the resistance level 280.00 accelerated the active impulse wave 3 of the medium-term impulse […]

Silver: ⬆️ Buy – Silver reversed from support level 35.50 – Likely to rise to resistance level 37.30 Silver recently reversed up with the daily Hammer from the support level 35.50 (which stopped the previous waves (iv) and 4, as can be seen from the daily Silver chart below). The support level 35.50 was strengthened […]

Citigroup: ⬆️ Buy – Citigroup broke key resistance level 85.00 – Likely to rise to resistance level 90.00 Citigroup recently broke above the key resistance level 85.00 (former multi-month high from February, which stopped the previous wave (A), as can be seen below). The breakout of the resistance level 85.00 accelerated the active minor impulse […]

EURGBP: ⬆️ Buy – EURGBP broke resistance zone – Likely to rise to resistance level 0.8700 EURGBP currency pair recently broke the resistance zone between the resistance level 0.8570 (which stopped the previous impulse wave i at the end of June) and the 61.8% Fibonacci correction of the downward impulse (B) from April. The breakout […]

GBPJPY: ⬇️ Sell – GBPJPY reversed from resistance zone – Likely to fall to support level 193.85 GBPJPY currency pair recently reversed down from the resistance zone between the strong resistance level 199.000 (which has been reversing the price from last October) and the upper weekly Bollinger Band. The downward reversal from this resistance zone […]

Nikkei 225: ⬇️ Sell – Nikkei 225 reversed from resistance zone – Likely to fall to support level 39000.00 Nikkei 225 index recently reversed down with the Evening Star from the resistance zone between the resistance levels 40000.00 and 40550.00 (former multi month high from January). This resistance zone was strengthened by the upper daily […]

Bank of America: ⬇️ Sell – Bank of America reached resistance level 48.00 – Likely to fall to support level 46.00 Bank of America recently reached the powerful multi-month resistance level 48.00, which has been reversing the price from last November. The resistance zone near the resistance level 48.00 is strengthened by the upper daily […]

Trip: ⬆️ Buy – Trip broke daily down channel – Likely to rise to resistance level 14.50 Trip recently broke the resistance trendline of the daily down channel from the start of May (inside which the price has been falling in the last few weeks). The breakout of this down channel accelerated the active short-term […]