Tag: Technical analysis

GBPCHF: ⬇️ Sell – GBPCHF broke the support zone – Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of […]

WTI: ⬇️ Sell – WTI broke the long-term support zone – Likely to fall to support level 55.00 WTI crude oil recently broke the long-term support zone set between the support levels 60.00 and 65.00. This support zone has stopped all downward corrections from the middle of 2021. The breakout of this support zone accelerated […]

• NZDJPY reversed from resistance level 87.28 • Likely to fall to support level 86.00 NZDJPY recently reversed down from the long-term resistance level 87.28 (which has been reversing the pair from the end of March, as can be seen below). The downward reversal from the resistance level 87.28 is likely to form the daily […]

• Gold reversed from the support level 1727.00 • Likely to rise to resistance level 1782.80 Gold recently reversed up with the daily Morning Star from the pivotal support level 1727.00 (former monthly high from September and October, as can be seen below) – standing near the 38.2% Fibonacci correction of the upward impulse from […]

• CADJPY under bearish pressure • Likely to fall to support level 102.65 CADJPY under the bearish pressure after recently breaking the key support level 104.50 (which has been reversing the price from September), intersecting with the 50% Fibonacci correction of the upward impulse from May. The breakout support level 104.50 accelerated the active impulse […]

• Platinum reversed from support level 960.00 • Likely to rise to resistance level 1025.00 Platinum recently reversed up from the pivotal support level 960.00 (former resistance from October), support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from the support […]

• Natural gas broke resistance level 7.230 • Likely to rise to resistance level 8.160 Natural gas recently broke above the resistance level 7.230 (which has been reversing the price from the start of October), intersecting with the 50% Fibonacci correction of the downward impulse from September. The breakout of the resistance level 7.230 accelerated […]

• Brent Crude oil reversed from support level 82.00 • Likely to rise to resistance level 91.00 Brent Crude oil recently reversed up from the strong support level 82.00 (which reversed the pair sharply in September), standing below the lower daily Bollinger Band. The upward reversal from the support level 82.00 started created the daily […]

• CHFJPY reversed from support level 144.50 • Likely to rise to resistance level 150.00 CHFJPY recently reversed up from the key support level 144.50 (which stopped the price in September), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from August. The upward reversal from the […]

• EURUSD under bearish pressure • Likely to fall to support level 1.02 EURUSD under the strong bearish pressure after the pair reversed down from the pivotal resistance level 1.037 (former monthly low from May and June, and the monthly high from August) – standing near the upper weekly Bollinger Band. The downward reversal from […]