Tag: Technical analysis

• Spain 35 index reversed from resistance level 0.94• Likely to fall to support level 8200.00 Spain 35 index recently reversed down with the daily Bearish Engulfing from the pivotal resistance level 8465.00 (former strong support from January and February). The resistance zone near the resistance level 8465.00 was strengthened by the 61.8% Fibonacci correction […]

• Nikkei 225 broke resistance level 27870.00• Likely to rise to resistance level 28765.00 Nikkei 225 index recently broke through the resistance level 27870.00 (which has been reversing the price from the middle of December). The breakout of the resistance level 27870.00 was preceded by the breakout of the 61.8% Fibonacci correction of the downward […]

• Rolls Royce reversed from resistance level 0.94• Likely to fall to support level 0.850 Rolls Royce recently reversed down from the resistance level 0.94 (which has been reversing the price from the start of March). The resistance zone near the resistance level 0.94 was strengthened by the 50% Fibonacci correction of the downward impulse […]

• FR40 reversed from resistance level 6700.00• Likely to fall to support level 6500.00 FR40 index recently reversed down from the resistance level 6700.00 (former support which has been reversing the price from February). The resistance level 6700.00 was further strengthened by the 61.8% Fibonacci correction of the downward impulse 1 from February. FR40 index […]

• GBPCHF reversed from resistance level 1.2400• Likely to fall to support level 1.2140 GBPCHF recently reversed down from the resistance level 1.2400 (top of the previous wave (a)), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from February. The downward reversal from the resistance level 1.2400 stopped the previous […]

• Nasdaq 100 broke resistance level 14400.00• Likely to rise to resistance level 15000.00 Nasdaq 100 index recently broke the resistance level 14400.00 (top of wave 4) and the 61.8% Fibonacci correction of the downward impulse (C) from February. The breakout of the resistance level 14400.00 accelerated the active short-term impulse wave 1. Nasdaq 100 […]

• Tesla broke resistance level 876.00• Likely to rise to resistance level 1000.00 Tesla recently broke the resistance level 876.00 (top of wave 1 from March) and the 38.2% Fibonacci correction of the downward impulse from January. The breakout of the resistance level 876.00 accelerated the active short-term impulse wave 3 of wave (C) from […]

• Brent crude oil reversed from key support level 95.00• Likely to rise to resistance level 115.00 Brent crude oil recently reversed up with the daily Morning Star from the key support level 95.00 intersecting with the support trendline from December and the 61.8% Fibonacci correction of the sharp upward impulse from December . The […]

• CHFJPY broke key resistance level 127.00• Likely to rise to resistance level 129.00 CHFJPY continues to rise after the earlier breakout of the key resistance level 127.00 (previous monthly top from January) The breakout of the resistance level 127.00 accelerated the active short-term impulse wave (iii) of wave (3) from last month. CHFJPY can […]

• CHFJPY broke key resistance level 127.00• Likely to rise to resistance level 129.00 CHFJPY recently broke the key resistance level 127.00 (previous multi-month high from January – which stopped the previous impulse wave (5)). The breakout of the resistance level 127.00 accelerated the active medium-term impulse wave (3). CHFJPY can be expected to rise […]