Technical analysis - Page 248

• NZDJPY reversed from resistance level 79.10 • Likely to fall to support level 78.00 NZDJPY recently reversed down from the resistance level 79.10 (which has been reversing the price from the end of February – as can be seen.

• Wheat falling inside corrective wave (2) • Likely to reach support level 690.80 Wheat recently reversed up with the tall daily Japanese candlesticks reversal pattern Shooting Star Doji from the resistance level 740.00, intersecting with the upper daily Bollinger.

• GBPAUD reversed from support level 1.7815 • Likely to rise to resistance level 1.8050 GBPAUD recently reversed up with the daily Bullish Engulfing from the strong support level 1.7815 (which has been reversing the price from the start of.

• AUDCAD broke daily up channel • Likely to fall to support level 0.9530 AUDCAD recently broke the support trendline of the daily up channel from April (which enclosed the previous upward impulse wave (1)). The breakout of this up.

• Comcast broke resistance level 55.35 • Likely to rise to resistance levels 56.7 and 58.50 Comcast recently broke the resistance level 55.35 (top of the previous impulse wave 1), intersecting with the 50% Fibonacci correction of the downward wave (2).

• Natural gas broke resistance level 2.900 • Likely to rise to resistance level 3.050 Natural gas continues to rise after breaking the key resistance level 2.900 (top of the previous correction (b) from the start of March). The breakout.

• WTI reversed from support level 62.00 • Likely to rise to resistance level 64.45 WTI crude oil recently reversed up from the support level 62.00 (former strong resistance level from the end of March) – standing close to 50%.

• GBPCAD reversed from support level 1.7190 • Likely to rise to resistance level 1.7350 GBPCAD today reversed up from the major support level 1.7190 (which has been steadily reversing the price from the start of January). The support zone.

• EURJPY broke resistance zone • Likely to rise to resistance level 132.00 EURJPY recently broke through the resistance zone lying between the resistance levels 131.00 and 130.60 (top of the previous impulse waves 1 and (i)). The breakout of.

• GBPJPY reversed from support level 149.20 • Likely to rise to resistance level 152.00 GBPJPY recently reversed up from the key support level 149.20 (low of wave A) and the lower daily Bollinger Band. The upward reversal from the.

• Cotton broke resistance level 88.30 • Likely to rise to resistance level 92.5 Cotton recently broke the pivotal resistance level 88.30 (top of the previous waves 4 and (B)) and the 61.8% Fibonacci retracement of the ABC correction from.

• CHFJPY approached key resistance level 118.80 • Likely to fall to support level 117.60 CHFJPY rise sharply today and is currently trading near the key resistance level 118.80 (former powerful resistance from February). If the pair closes today above.