Tag: Technical analysis

• FTSE 100 reversed from support level 7345.00• Likely to rise to resistance level 7535.00 FTSE 100 index recently reversed up from the support level 7345.00, intersecting with the 38.2% Fibonacci correction of the upward ABC correction 2 from the start of March. The upward reversal from the support level 7345.00 created the daily candlesticks […]

• EURUSD broke long-term support level 1.0640• Likely to fall to support level 1.0400 EURUSD currency pair under the strong bearish pressure after the price the long-term support level 1.0640 (the previous yearly low from the start of January). The breakout of the support level 1.0640 accelerated the active impulse waves 5 and (3). EURUSD […]

• S&P 500 reversed from support zone• Likely to rise to resistance level 4250.00 S&P 500 index recently reversed up from the support area lying located between the long-term support level 4150.00 (which has been reversing the price from last June) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]

• Natural gas reversed from support zone• Likely to rise to resistance level 7.50 Natural gas recently reversed up from the powerful support zone located between the pivotal support 6.50 (former multi-month high from October of 2021), 20-day moving average, upper trendline of the daily up channel from January and the 38.2% Fibonacci correction of […]

• EURJPY reversed from resistance zone• Likely to fall to support level 134.00 EURJPY currency pair recently reversed down from the resistance zone located between the 2 long-term resistance levels: 137.20 (yearly high from 2018) and 140.00 (key resistance from 2015). The downward reversal from this resistance zone stopped the earlier intermediate impulse wave (3). […]

• Dow Jones broke key support level 34130.00• Likely to fall to support level 33000.00 Dow Jones index recently broke through the key support level 34130.00 (which stopped the previous waves a and c) intersecting with the 38.2% Fibonacci correction of wave B from February. The breakout of the support level 34130.00 accelerated the active […]

• EURCHF reversed from resistance level 1.0356• Likely to fall to support level 1.0200 EURCHF currency pair recently reversed down strongly from the pivotal resistance level 1.0356 (which has been reversing the price from end of December). The downward reversal from the resistance level 1.0356 stopped the earlier impulse waves (i) and (C). Given the […]

• GBPCAD reversed from support level 1.6320• Likely to rise to resistance level 1.6475 GBPCAD recently reversed up from the key support level 1.6320 (which has been reversing the price from the end of March) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.6320 created the daily candlesticks […]

• AUS200 index reversed from resistance level 7615.00• Likely to fall to support level 7430.00 AUS200 index recently reversed down strongly from the long-term resistance level 7615.00 (which has been reversing this index from last August). The downward reversal from the resistance level 7615.00 created the daily candlesticks reversal pattern Evening Star Doji – which […]

• USDCAD reversed from support level 1.2450• Likely to rise to resistance level 1.2650 USDCAD recently reversed up sharply from the powerful support level 1.2450 (which has been repeatedly reversing the price from the middle of January). The upward reversal from the support level 1.2450 created the daily candlesticks reversal pattern Piercing Line – which […]