Tag: Technical analysis
• Natural gas broke resistance zone • Likely to rise to resistance level 5.50 Natural gas recently broke the resistance zone lying between the key resistance level 4.500 (top of the previous impulse wave 1) and the 50% Fibonacci correction of the previous sharp downward impulse from November The breakout of this resistance zone accelerated the active […]
• Boeing reversed from powerful support level 186.70 • Likely to rise to resistance level 210.00 Boeing recently reversed up with the daily Morning Star from the support zone set between the powerful support level 186.70 (which has been reversing the price from November) and the lower daily Bollinger Band. The upward reversal from this […]
• Alibaba reversed from support zone • Likely to rise to resistance level 135.90 Alibaba recently reversed up with two Dojis from the support zone lying between the key support level 116.00 (which has been reversing the pair from the start of December) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]
• EURCAD reversed from support zone • Likely to rise to resistance level 1.4350 EURCAD recently reversed up once again from the support zone lying between the key support level 1.4176 (which has been reversing the price from November) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier […]
• Tesco broke resistance level 2.9670 • Likely to rise to resistance level 3.050 Tesco recently broke above the key resistance level 2.9670 (which stopped the previous short-term impulse wave 1 at the start of January) The breakout of the resistance level 2.9670 accelerated the active intermediate impulse wave (3). Given the clear daily uptrend, […]
• Natural gas broke resistance zone • Likely to rise to resistance level 5.000 Natural gas recently broke the resistance zone lying between the key resistance level 4.400 (which stopped the previous impulse wave (1)) and the 50% Fibonacci correction of the downward impulse from November. The breakout of this resistance zone accelerated the active […]
• Gold broke daily up channel • Likely to fall to support level 1780.00 Gold continues to fall after the breakout of the support trendline of the daily up channel from the middle of December. The breakout of this up channel accelerated the active short-term correction – which started earlier from the key resistance level […]
• GBPJPY reversed from support level 153.00 • Likely to rise to resistance level 155.00 GBPJPY currency pair recently reversed up from the key support level 153.00 standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 153.00 stopped he […]
• FTSE reversed from support level 7400.00 • Likely to rise to resistance level 7635.00 FTSE index continues to rise after the index reversed up from the key support level 7400.00 (former top of waves 1 and (i) from November and December). The support zone near the support level 7400.00 was strengthened by the lower […]
• Brent reversed from support level 85.35 • Likely to rise to resistance level 88.75 Brent recently reversed up from the key support level 85.35 (previous strong resistance level from October, actin as the support after it was broken at the start of this year). The upward reversal from the support level 85.35 started the […]
