Technical analysis - Page 263

• WTI oil continues to rise • Likely to test resistance level 64.00 WTI oil has recently reversed up from the support levels 60.00 and 59.15 – intersecting with the 38.2% Fibonacci correction of the previous upward impulse from the.

• CHFJPY reversed from support level 116.3 • Likely to reach resistance level 117.0 CHFJPY today reversed up from the support level 116.3 (which has been steadily reversing the price from the end of December as can be seen below)..

• IBEX 35 reversed from powerful resistance area • Likely to test support level 8000.00 IBEX 35 index recently reversed down from the powerful resistance area lying between the key resistance level 8406.5 (former monthly high from January) and the.

• Copper reversed from support level 410.00 • Likely to reach resistance level 436.20 Copper recently reversed up from the support level 410.00 (which has been reversing the price end the start of February). The support area near the support.

• EURAUD reversed from resistance level 1.5700 • Likely to fall to support level 1.5300 EURAUD recently reversed down from the resistance level 1.5700 (which has been reversing the price from the start of February) – standing near to the.

• AUDUSD reversed from support level 0.7730 • Likely to rise to resistance level 0.7870 AUDUSD recently reversed up from the support level 0.7730 (which has been reversing the price from the middle of February) – intersecting with the 61.8%.

• Dax broke daily down channel • Likely to reach resistance level 14200.00 Dax index continues to rise inside the minor impulse wave 3 which started earlier from the support level 13660.00 (which also formed the daily Hammer at the.

• Gold broke powerful support level 1766.00 • Likely to fall to support level 1700.00 Gold recently broke the powerful support level 1766.00 (which has been reversing the price from the end of  November). The breakout of the support level.

• Cocoa broke resistance level 2564.00 • Likely to reach resistance level 2658 Cocoa continues to rise strongly after breaking the resistance level 2564.00 (monthly high from January) – after it broke the daily down channel from December. The breakout.

• USDCHF broke resistance area • Likely to rise to 0.9200 USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse.

• EURJPY reversed from resistance level 130.00 • Likely to reach support level 127.30 EURJPY recently reversed down from the resistance level 130.00 (previous upward target) – intersecting with the resistance trendline of the daily up channel from November. The.

• GBPAUD reversed from support area • Likely to reach resistance level 1.8030 GBPAUD recently reversed up from the support area lying between the pivotal support level 1.773, lower daily Bollinger band and the 50% Fibonacci correction of the previous.