Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

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.

GBPJPY Wave Analysis 17 July 2024

– GBPJPY reversed from the resistance area – Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel. Read more

EURCAD Wave Analysis 17 July 2024

– EURCAD broke key resistance level 1.4920 – Likely to rise to resistance level 1.5040 EURCAD currency pair recently broke above the key resistance level 1.4920, which stopped the previous correction (2) at the start of June. The breakout of. Read more

EURJPY Wave Analysis 16 July 2024

– EURJPY reversed from pivotal support level 171.35 – Likely to rise to resistance level 175.40 EURJPY currency pair recently reversed up from the pivotal support level 171.35, which has been reversing the price from the end of April. The. Read more

WTI crude oil Wave Analysis 16 July 2024

– WTI broke support level 80.00 – Likely to fall to support level 78.00 WTI crude oil just broke the round support level 80.00, former resistance from May, which has been reversing the price from June. The breakout of the. Read more

GBPNZD Wave Analysis 15 July 2024

– GBPNZD broke pivotal resistance level 2.1190 – Likely to fall to support level 2.00 GBPNZD recently broke above the pivotal resistance level 2.1190, which reversed the price multiple times from March to May. The breakout of the resistance level. Read more

Natural gas Wave Analysis 15 July 2024

– Natural gas broke key support level 2.200 – Likely to fall to support level 2.00 Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February. The breakout. Read more

GBPUSD Wave Analysis 12 July 2024

– GBPUSD under bullish pressure – Likely to rise to resistance level 1.3120 GBPUSD currency pair is under bullish pressure after the earlier breakout of the resistance level 1.2850, which has been reversing the pair from 2023. The breakout of. Read more

Amazon Wave Analysis 12 July 2024

– Amazon reversed from support level 192.15 – Likely to rise to the resistance level 200.00 Amazon recently reversed up from the key support level 192.15, the former monthly high from May, acting as the support after it was broken. Read more

GBPAUD Wave Analysis 11 July 2024

– GBPAUD reversed from support level 1.8945, – Likely to rise to resistance level 1.3700 GBPAUD currency pair recently reversed up from the powerful support level 1.8945, which has been repeatedly reversing the price from the start of May. The. Read more

USDCAD Wave Analysis 11 July 2024

– USDCAD reversed from key support level 1.3600 – Likely to rise to resistance level 1.3700 USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the start of May.. Read more

EURJPY Wave Analysis 10 July 2024

– EURJPY broke the key resistance level 174.30 – Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July.. Read more

S&P 500 Wave Analysis 10 July 2024

– S&P 500 broke key resistance level 5500.00 – Likely to rise to resistance level 5700.00 S&P 500 Index is under the bullish pressure after the price broke above the key resistance level 5500.00, which stopped the previous waves i. Read more