Technical analysis - Page 172

• Gold reversed from resistance level 2050.00 • Likely to fall to support level 1970.00 Gold recently reversed down strongly from the resistance level 2050.00 (which stopped the previous impulse wave 1 in April, upward target set in our earlier.

   • CADCHF broke resistance level 0.6600 • Likely to rise to resistance level 0.6715 CADCHF currency pair recently broke the resistance level 0.6600 (which stopped the previous short-term correction (ii)). The breakout of the resistance level 0.6600 coincided with.

    • NZDCAD broke daily down channel • Likely to rise to resistance level 0.8570 NZDCAD currency pair recently broke the resistance trendline of the daily down channel from December (which encloses the previous intermediate ABC correction (B)). The breakout.

• AUDCHF reversed from support level 0.5865 • Likely to rise to round resistance level 0.6000 AUDCHF currency pair recently reversed up from the key support level 0.5865 (which stopped the previous short term impulse wave 5) intersecting with the.

• WTI reversed from key support level 64.40 • Likely to rise to resistance level 70.00. WTI crude oil recently reversed up from the key support level 64.40 (previous monthly low from March) standing well below the lower daily Bollinger.

• EURUSD reversed from key support level 0.6600 • Likely to rise to resistance level 0.6750 EURUSD currency pair recently reversed up from the support level 1.0945 (former key resistance from March and April). The upward reversal from the support.

   • AUDUSD reversed from key support level 0.6600 • Likely to rise to resistance level 0.6750 AUDUSD currency pair recently reversed up strongly from the key support level 0.6600 (which has been reversing the pair from November), standing close.

• GBPJPY reversed from long-term resistance level 172.00 • Likely to fall to support level 168.85 GBPJPY currency pair recently reversed down strongly from the long-term resistance level 172.00 (former multi-month high from October), standing above the upper daily Bollinger.

• Gold reversed from key support level 1970.00 • Likely to rise to resistance level 2050.00 Gold earlier reversed up sharply from the key support level 1970.00, standing close to the 38.2% Fibonacci correction of the upward impulse from March..

      • EURCAD reversed from long-term resistance level 1.5095 • Likely to fall to support level 1.4800 EURCAD currency pair previously reversed down strongly from the long-term resistance level 1.5095 (which has been steadily reversing the pair from the start.

   • NZDJPY broke resistance level 83.80 • Likely to rise to resistance level 85.00 NZDJPY currency pair recently broke above the resistance level 83.80 (which stopped the previous waves 2, (1), (a) and B). The breakout of the resistance.

China’s PMIs released over the weekend were much weaker than expected, with the manufacturing index signalling a downturn. The official manufacturing PMI fell to 49.2 in April from 51.9 the previous month and 51.4 expected. This sudden drop suggests that.