• Copper approached major resistance level 288.50 • Likely to correct to 276.80 Copper has been rising sharply in the last few trading sessions – in line with our earlier report for this trading instrument. The price is currently approaching...

• CADJPY reversed from resistance area • Likely to fall to 78.20 CADJPY recently reversed down with the daily Bearish Engulfing from the resistance area lying between the resistance level 79.60, upper daily Bollinger band and the 38.2% Fibonacci correction...

• USDJPY falling inside impulse wave (c) • Likely to reach 106.00 USDJPY continues to fall inside the short-term impulse wave (c) – which started earlier from the resistance level 107.75 – intersecting with the upper daily Bollinger band. The...

• AUDNZD broke key support level 1.0585 • Likely to fall to 1.0500 AUDNZD recently broke below the key support level 1.0585 (which has been reversing the price from the end of April). The breakout of the support level 1.0585...

• Facebook reversed from key resistance level 244.50 • Likely to correct to 232.20 Facebook recently reversed down with the daily Shooting star and the inverted Hammer from the key resistance level 244.50 (former monthly high from June). The downward...

• Wheat approached key resistance level 528.00 • Likely to rise to 540.00 and 550.00 Wheat continues to rise inside the accelerated impulse wave – which previously broke through the resistance zone lying between the round resistance level 500.00 and...

• USDCAD reversed from support level 1.3490 • Likely to reach 1.3625 USDCAD recently reversed up from the support level 1.3490 (low of the previous correction (b)) – standing near the lower daily Bollinger band and the 50% Fibonacci correction...

• NZDUSD rising inside impulse wave 3 • Likely to reach 0.6750 NZDUSD continues to rise inside the sharp impulse wave 3, which previous broke above the resistance level 0.6575 (former monthly high from last month) The active impulse wave...

• GBPUSD rising inside wave 2 • Likely to reach 1.2760 GBPUSD continues to rise inside the minor correction 2, which recently broke above the key resistance level 1.2535 – intersecting with the 50% Fibonacci correction of the previous downward...

• General Motors broke key support level 24.00 • Likely to fall to 20.50 General Motors continues to fall inside the impulse wave (iii) – which started previously from the resistance zone lying between the resistance level 26.00 and the...

• Gold broke long-term resistance level 1800.00 • Likely to rise to 1900.00 Gold rising strongly after the latest breakout of the long-term resistance level 1800.00 (which previously formed the double yearly high in 2012, as can be seen below)....

• CHFJPY approached multi-month resistance level 114.60 • Likely to correct down to 114.00 CHFJPY recently rose sharply and is currently trading near the powerful multi-month resistance level 114.60 (which has been reversing the price from the end of 2018,...

• EURCHF reversed from support level 1.0620 • Likely to rise 1.0665 EURCHF recently reversed up from the key support level 1.0620 (which reversed the 5 previous intraday impulses, as can be seen from the daily EURCHF chart below). The...

• Costco broke pivotal resistance level 315.00 • Likely to rise to 322.00 Costco recently broke above the pivotal resistance level 315.00 (which stopped the earlier B-wave at the start of June, as can be seen below). The breakout of...

• Natural gas broke resistance level 1.824 • Likely to rise to 1.970 Natural gas recently broke above the key resistance level 1.824 (which reversed the price multiple times at the start of June). The breakout of the resistance level...

• NZDCAD rising inside impulse waves 3 and (5) • Likely to rise to 0.8950 NZDCAD continues to rise after the earlier breakout of the key resistance level 0.8800 (which has been reversing the price from the end of 2019)....

• GBPJPY broke resistance area • Likely to rise to 136.30 GBPJPY recently broke the resistance area lying between the resistance level 133.90 (top of the previous impulse wave (1)) and the 38.2% Fibonacci correction of the previous ABC correction...

• Ebay rising inside weekly impulse waves 3 and (3) • Likely to reach 60.00 Ebay continues to rise inside the two nested, different-size upward impulse waves 3 and (3), as can be seen from the weekly Ebay chart. The...

• Copper broke resistance level 276.80 • Likely to rise to 288.50 Copper continues to rise inside the short-term impulse wave (iii) which started earlier from the pivotal support 269.90 (former resistance from the start of June). The price today...

• EURUSD rising inside wave (ii) • Likely to rise to 1.3500 EURUSD continues to rise inside the short-term corrective wave (ii) which started earlier from the support 1.1200, intersecting with the 38.2% Fibonacci retracement of the previous sharp upward...

• EURJPY broke resistance level 121.40 • Likely to rise to 122.00 EURJPY recently broke the resistance level 121.40 – coinciding with the 38.2% Fibonacci retracement of the previous sharp downward ABC correction 2. The breakout of the resistance level...

• Alibaba broke key resistance level 230.00 • Likely to rise to 240.00 Alibaba recently broke with the sharp upward gap above the key resistance level 230.00 (former multi-month high from January and June). The breakout of the resistance level...

• Gold reversed from support level 1760.00 • Likely to rise to 1790.00 Gold recently reversed up from the support level 1760.00 (former resistance level which stopped the earlier impulse wave 1 in the middle of May). The upward reversal...

• NZDCAD broke key resistance level 0.8800 • Likely to rise to 0.8900 NZDCAD continues to rise after the earlier breakout of the key resistance level 0.8800 – which has been reversing the price from last December. The breakout of...

• GBPNZD broke key support level 1.9130 • Likely to fall to 1.9000 GBPNZD recently broke the key support level 1.9130 (which stopped the previous impulse wave (i) in the middle of June, as can be seen below). The breakout...

• AUDUSD rising inside impulse wave 3 • Likely to rise to 0.7030 AUDUSD continues to rise inside the short-term impulse wave 3, which started earlier from the key support level 0.6800. The support area near the support level 0.6800...

• Sainsbury’s broke daily up channel • Likely to fall to 1.900 Sainsbury’s recently broke the support trendline of the daily up channel from May (which enclosed the previous short-term ABC correction (ii)). The breakout of this up channel should...

Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery....

• NZDJPY broke resistance zone • Likely to rise to 71.5 NZDJPY today broke the resistance zone lying between the key resistance level 69.8 (top of the B-wave of the previous ABC correction (2)) and the 50% Fibonacci retracement of...

• Google rising inside impulse wave 5 • Likely to reach 1475.00 Google continues to rise inside the short-term impulse wave 5, which started earlier from the support zone surrounding the support level 1350.00 The active impulse wave 5 belongs...

• Silver reversed from resistance level 18.37 • Likely to fall 17.500 Silver recently reversed down from the resistance level 18.37 (top of the previous sharp impulse wave 1 from the middle of April) – standing near the upper daily...

EURNZD Wave Analysis – 2 July, 2020 • EURNZD broke key support level 1.7370 • Likely to fall to 1.7200 EURNZD recently broke below the key support level 1.7370 (former multi-day low which repeatedly reversed the pair in June). The...

• NASDAQ-100 broke resistance level 10287.00 • Likely to rise to 10750.00 NASDAQ-100 today broke the key resistance level 10287.00 (which stopped the previous sharp impulse wave (i) in the middle of June, as can be seen below). The breakout...

• NZDUSD reversed from support level 0.6400 • Likely to rise to 0.6525 NZDUSD recently reversed up from the support level 0.6400 (low of the previous correction 2) – standing near the lower daily Bollinger Band and the 38.2% Fibonacci...

• Corn broke two down channels • Likely to rise to 360.00 Corn continues to rise inside the sharp upward impulse wave C – which previous broke the two intersecting different-length price channels from April and the middle of 2019,...

• EURAUD broke pivotal support level 1.6285 • Likely to fall to 1.6085 EURAUDrecently broke below the pivotal support level 1.6285 (former multi-candle low which reversed the price repeatedly in June, as can be seen below). The breakout of the...

• Facebook started impulse wave (5) • Likely to reach 240.00 Facebook continues to rise inside the strong medium-term impulse wave (5) which started earlier from the support area lying between the lower daily Bollinger band and the 38.2% Fibonacci...

• Amazon reversed from support level 2670.00 • Likely to rise to 2800.00 Amazon recently reversed up sharply with the daily candlesticks reversal pattern Hammer from the pivotal support level 2670.00 (former resistance from the start of June – which...

• GBPCAD reversed from support level 1.6800 • Likely to rise to 1.7000 GBPCAD recently reversed up from the support level 1.6800 (low of the previous medium-term ABC correction (2)), intersecting with the lower daily Bollinger Band and the ascending...

• EURCAD reversed from key resistance level 1.5430 • Likely to fall to 1.5200 EURCAD recently reversed down from the key resistance level 1.5430 (top of the previous minor correction 2), intersecting with the daily upper Bollinger Band. The downward...

• Platinum reversed from round support level 800.00 • Likely to rise to 850.00 Platinum recently reversed up sharply from the round support level 800.00 (low of the earlier impulse wave (iii)) – standing near the lower daily Bollinger Band...

• EURJPY reversed from support level 119.00 • Likely to reach 122.00 EURJPY recently reversed up from the support level 119.00 (former resistance from April), – intersecting with the 50% Fibonacci correction of the previous impulse wave from the start...

• Natural Gas reversed from pivotal support level 1.500 • Likely to rise to level 1.825 Natural Gas recently reversed up sharply from the pivotal support level 1.500 (set as the likely downward target in our earlier report for this...

• USDJPY broke resistance level 107.60 • Likely to rise to 109.30 USDJPY continues to rise after the earlier breakout of the resistance level 107.60 (top of the previous correction (b)) intersecting with the 38.2% Fibonacci retracement of the previous...

• China Mobile broke out of the sideways price range • Likely to fall to 32.15 China Mobile recently broke below the support level 34.00 (lower boundary of the narrow sideways price range inside which the price has been trading...