Tag: Technical analysis
• EURCHF reversed from support area • Likely to rise to resistance level 0.9960 EURCHF currency pair recently reversed up from the support area located between the key support level 0.9850 and the lower daily Bollinger Band. The upward reversal from this support area started the active minor corrective wave (ii) – which belongs to […]
• Brent reversed from support area • Likely to rise to resistance level 105.00 Brent crude oil recently reversed up from the support area located between the key support level 95.00 (former monthly low from March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December. The upward reversal from […]
• USDCAD reversed from resistance level 1.3200 • Likely to fall to support level 1.3000 USDCAD currency pair recently reversed down from the key resistance level 1.3200, standing far above the upper Bollinger Band. The downward reversal from the resistance level 1.3200 started the active minor correction (iv) – which belongs to wave 3 from […]
• Palladium under bearish pressure • Likely to fall to support level 1765.00 Palladium under the bearish pressure after the price broke the support level 1900.00 intersecting with the support trendline of the daily up channel from the middle of June. The breakout of this up channel accelerated the active minor impulse wave 3 from […]
• EURJPY reversed from support level 138.00 • Likely to rise to resistance level 140.00 EURJPY currency pair recently reversed up with the Bullish Engulfing from the key support level 138.00, standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from May. The upward reversal from the support […]
• EURCAD reversed from major support level 1.3020 • Likely to rise to resistance level 1.3200 EURCAD recently reversed up from the major long-term support level 1.3020 (former multi-year low from the middle of 2015), standing outside of the lower weekly Bollinger band. The upward reversal from the support level 1.3020 is likely to form […]
• Gold broke pivotal support level 1725.00 • Likely to fall to support level 1684.00 Gold recently broke below the pivotal support level 1725.00 (former multi-month support from last September). The breakout of the support level 1725.00 is aligned with the clear downtrend that can be seen on the daily charts. Gold can be expected […]
• Citibank under bearish pressure • Likely to fall to support level 42.00 Citibank under the bearish pressure after the price broke below the strong support level 45.25 (which has been steadily reversing the price from the middle of May). The breakout of the support level 45.25 should accelerate the active minor impulse wave (iii) […]
WTI Wave Analysis – 13 July, 2022 • WTI reversed from support level 92.93• Likely to rise to resistance level 97.00 WTI recently reversed up from the strong support level 92.93 (former monthly low from March and April), standing near the 50% Fibonacci correction of the upward impulse from December. The upward reversal from the […]
• EURGBP reversed from support level 0.8425 • Likely to rise to resistance level 0.85000 EURGBP today recently reversed up with the daily Hammer from the key support level 0.8425 (which has been reversing the pair from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from […]
