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The FxPro Tech Analysis Team

FxPro’s technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Brent Wave Analysis – 31 May 2023

– Brent reversed from key support level 72.00 – Likely to rise to resistance level 76.00 Brent crude oil recently reversed up from the key support level 72.00 (which stopped the previous waves 5 and (2)). The upward reversal from... Read more

EURJPY Wave Analysis – 31 May 2023

– EURJPY reversed from resistance level 151.35 – Likely to fall to support level 148.00 EURJPY currency pair recently reversed down with the daily Shooting Star from the key resistance level 151.35 (top of the previous minor impulse wave 3... Read more

AUDUSD Wave Analysis – 31 May 2023

– AUDUSD reversed from resistance level 0.6565 – Likely to fall to support level 0.6400 AUDUSD currency pair recently reversed down from the key resistance level 0.6565 (former strong support from March and April, acting as the resistance after it... Read more

NZDJPY Wave Analysis – 30 May 2023

• NZDJPY falling inside impulse wave (3) • Likely to reach support level 83.80 NZDJPY currency pair continues to fall inside the intermediate impulse wave (3), which started earlier from the key resistance level 87.35 (upper border of the wide... Read more

EURCHF Wave Analysis – 30 May 2023

• EURCHF reversed from support zone • Likely to rise to resistance level 0.9750 EURCHF currency pair recently reversed up from the support zone located between the key support level 0.9675 (which has been reversing the pair from last October).... Read more

GBPAUD Wave Analysis – 29 May 2023

• GBPAUD reversed from strong resistance level 1.8940 • Likely to fall to support level 1.8700 GBPAUD currency pair recently reversed down with the downward gap from the strong resistance level 1.8940 (which stopped the previous waves 3 and (b)).... Read more

USDCHF Wave Analysis – 29 May 2023

• USDCHF reversed from resistance level 0.9070 • Likely to fall to support level 0.9000. USDCHF currency pair recently reversed down from the pivotal resistance level 0.9070 (former monthly low from January, February and March). The resistance level 0.9070 was... Read more

Nasdaq 100 index Wave Analysis – 25 May 2023

• Nasdaq 100 index broke key resistance level 13900.00 • Likely to rise to resistance level 14500,00 Nasdaq 100 index under the bullish pressure after the earlier breakout of the key resistance level 13900.00 (top of wave (iii) from the... Read more

EURJPY Wave Analysis – 25 May 2023

• EURJPY reversed from pivotal support level 149.00 • Likely to rise to resistance level 151.60 EURJPY recently reversed up second time from the pivotal support level 149.00 (former top of wave (b) from the start of month). The upward... Read more

AUDCHF Wave Analysis – 26 May 2023

• AUDCHF reversed from support level 0.5875 • Likely to rise resistance level 0,5950 AUDCHF today reversed up from the support level 0.5875 (which stopped the previous waves 5 and B), intersecting with the lower daily Bollinger Band. The upward... Read more

Silver Wave Analysis – 25 May 2023

    • Silver broke support level 23.50 • Likely to fall to support level 22.50 Silver under the bearish pressure after the price broke the support level 23.50 (which stopped wave (a) earlier this month), nearly coinciding with the 61.8%... Read more

AUDNZD Wave Analysis – 25 May 2023

• AUDNZD reversed from key support level 1.0600 • Likely to rise to resistance level 1.0800 AUDNZD continues to rise after the earlier sharp upward reversal from the key support level 1.0600 (former low of wave (A) from the start... Read more